This is so undervalued right now, I can see this making a significant break through double figures into the 20s with many getting caught off guard. To be fair that is only 12p more from current levels
You are correct to highlight the differences in market cap, what is stopping these other companies from raising £100 Million and putting a bid in for ARB???? So much potential here.
Yes, it is quite a high figure. Yet go back and look at GDR when that was 10p, SNG when it was 5p and NCYT when that was 20p. You can in fact look even lower than that as those prices were not their all time lows. I agree 30p short term with 50p based on a major catalyst being medium term. With FDA it can be very difficult to quantify it's true value. AI is becoming increasingly important by the day, certain fund managers such as Richard Griffiths are currently targeting these stocks.
Manifesto, there's even less in free-float now. Look at the buy volume here since Wednesday! The next big news could send this well and truly into the 50s, tiny free-float. The market makers have struggled to rinse people out on the shakes, whenever they drop it it goes fill or kill to buy. This was the same with NCYT and SNG as they filled the large buys for institutional investors
Have no fear of warrants, this is not RMS nor any other stock. Just look at Trevor's holding here, now is that skin in the game or what? Probably the largest director holding for any UK listed small cap.