RE: Rns2 Sep 2019 15:58
Hi Pauldark – I think prior management claims of multi-bagging potential, certainly from these levels, may not be entirely unrealistic. I’m unaware of any other pure-play AI stocks currently listed on the AIM or main market, so the newly listed company will seemingly enjoy a first mover advantage in a **** hot sector. Something I’m reluctant to underestimate, having been invested in REM when they JV’d with Bacanora on their globally INsignificant Mexican lithium deposit in 2013.
Management’s track record was less than illustrious (Lenigas had his detractors even then), and there were 2 Billion+ shares in circulation, but NO other stock in the UK offered such direct exposure to the burgeoning EV-inspired Lithium exploration business at the time. The sp still spent the summer languishing around 0.04p, until the apparent catalysts of a brief mention in the Financial Mail and momentum-trader social media commentary propelled the stock to an intra-day high of 2.4p within a couple of weeks. Naturally I sold out far too soon, but have never made a larger percentage profit, either before or since.
As EarlGrey mentions below, very little is known about this company yet, and obviously so much will depend upon company financing & share structure, but the present appetite for AI suggests that it’s re-listing will not be without media attention. Any hint of subsequent collaboration with an entertainment industry major stands a good chance of capturing the market zeitgeist.
RS & JH have made $100m companies out of micro-caps before and Ann Greeberg co-founded Gracenote which was acquired by Nielson for $560m. Like everyone here I’d be happy just to see this one get over the line and listed, considering anything else as a bonus… but it would be unwise to write off the new company’s chances before it’s even begun to trade!
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