RE: EV roadshow10 Nov 2019 15:04
I think we have a fighting chance of seeing those 60p days again. We have a technology that rivals PEM fuel cells, can run on ammonia and less pure H2, now has a high density variant, and a strong political wind behind us. We also have a technology that will be applicable to other uses. Presuming we see some (because if we sell some we will sell lots) I see no reason at all that our MCap should not be on a par with other fuel cell firms, so a MCap anywhere between £100m and £1bn (Ballard) in time. At £330m we would have a SP of around 75p.
It will take time but if I was forced to set targets I would go for 15-20p by the year end, 30-50p in a year and 50-100p within two years. Presuming the usual caveats.
There is a decent chance we will be bought out before that, but I would be very disappointed if that was at less than 80-100p.