RE: Question11 Apr 2025 15:31
Agree with BO in that, after issue of new shares, market cap will essentially be equal to cash position. But cash shells are usually valued over cash position so still undervalued here imo. The placee got a price of .15p when investing £0.5m. The fact others can now get in for similar for investing much smaller amounts is therefore a good opp. News regarding the acquisition will definitely rocket this, and I don’t think we’ll be waiting too long. We’re taking 13% so even a £20m valuation for Alludium should double our mcap. Companies like this can get valued much higher though (even pre-revenue)