A positive article with a buy recommendation siting the recent contract wins.
All sounds pretty consistent with what we already knew about production plans being about 6 months behind the original schedule after they redesigned for lower weight, greater durability etc. But it also sounds like since the interims things are going as expected where they said in September: "The Company has begun generating recurring revenues from blue chip customers across a range of key industries. The first of these have now signed long-term, scalable contracts. These customers include some of the largest and most recognisable companies in their sectors. Our continued engagement with an increasing pool of potential customers gives us confidence that we can convert those relationships into further contract wins over the next three months. These closed loop systems are generating significantly greater velocities than previously anticipated. " Capacity is also well ahead of the original plan back in January, which suggests confidence that these contracts will be scaled up a lot over the coming year.
Yep, we will have to be patient and wait a little longer.
It was probably priced in a week ago when it last rose. Market wants figures now.
This rns has been met with complete and utter apathy this morning !
Picking up !
Seven long term contracts and a possible six further provisional contracts....No info yet concerning what this might generate but a small but welcome Xmas present...
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