Averaged down23 Jan 2012 09:34
Average now 38p. At these prices this is a potential 100 bagging share over the long term imho. Current market cap is half of the cash position valuing everything else at nothing. The risk comes with the funding over the next few years. Will banks lend, will there need to be a placing? However, imo that risk is reduced with today's good news re:the product. - future funding much more likely to flow when the ongoing issues are finally fixed and potential investments are derisked. Those who have been here a long while will probably like this bit the best...
"We believe that the results of these accelerated stress tests are indicative of operating start-stop regimes in excess of a 5 year period. This represents a substantial improvement in cell durability and resolves the power degradation issues witnessed in the in-home trials last year."