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In Intra's excellent post , few have picked up this huge USP, need & urgency - total reliance on Australian and NZ cows.
"One of these has signed an MTA to look at RUA’s new composite material which, based on its own benchtop trials, it claims is considerably stronger, tear resistant yet thinner and flexible, ideal for TAVR and all improvements over current technologies which rely on animal tissue sourced from cows in Australia and New Zealand, the only BSE-free herds in the world. You can see why the majors will eventually want to develop something new that doesn’t rely on a risky supply chain such as these animals. If BSE invaded Australia, these majors would freak out."
1] the global major approached CMRS
2] Given current mcap of 750k, revenue is likely to be significant
3] No additional costs as management time is fixed cost
4] Makes sense given CEO credentials - set up the Moroccan Miners Association - well connected in the regional network
5] First junior I know of that has independent / non placing funding potential - in this market a wonderful advan
All the dots appear to be joining up
The level of selling has suprised me as well. Its a great and highly communitive BOD so I would be very suprised & disappointed if they have leaked a placing. Personally don't think so, if placing needed [and we are rev generating now], they would wait until another big contract - Craig's a holder as well. But I thought 20p would hold and since then quite big dumping. Could all reverse in a flash