Fab will be blue17 Apr 2024 09:27
They were already close to cash neutral on a monthly basis, before the raise, they now have space to grow. With the addition of recent contracts and news coming they will be in a decent position to grow now.
There was a time where things looked a little shaky, and that presented a good recovery play, but the curve of business is now point upward, with strong pipeline and converting discussions to work.
Now is the perfect time to buy in my view, cash coming in and growing but this has not yet been realised in the share price. Forget intraday moves, focus on a medium term and this could very easily be worth a lot more.