Back to 2p+ soon30 Sep 2025 07:37
Overall, very good set of accounts. Cash burn is very low, with around £2.2m in cash on hand (including investment in SATS and treasury). Adding roughly £1m in investments brings total liquid assets to about £3.2m which is broadly equal to the mcap.
This doesn’t factor in the potential future value of the TAO subnets, which could be the real driver. Should be valued at £10m bare minimum.