RE: Dramatic rebound waiting to happen.22 Feb 2024 13:09
Stay Long, as an accountant I would like to substantiate your rebound claims because I believe that you may be right and I too fully believe the potential in the long run is enormous. It is important to go on evidence and look at what recent history tells us. This is pretty much a repeat of your excellent post a week back.
RNS: 8th Jan re Marine Applications - extract
"The next stage of the project, for which the Company expects to receive further grant funding, will lead towards a full demonstration vessel project"
Funding all or partly will be part of the package. Targeting of a huge sector, Marine. North sea vessels targeted.
RNS: 18th Jan re Pareta Motor Patent Granted - extract
"The market for EVs in China is growing at an unprecedented rate and Pareta® is a unique and transformative solution: it is safe, scalable, and flexible in its applications, with the potential to transform the future of transport in its path towards decarbonisation"
China market is huge, global presence is important.
RNS: 29th Jan re joint development agreement - extract
"The Agreement, which includes funding to the Company, covers the first proof of concept stage, that will see prototypes produced in H1 2024, followed by on vehicle trials in H2 2024."
We will be hearing the outcome of this in the next 4 to 6 months, potential to be massive. Trials to production can be quick should everything from the prototype stage be good.
RNS: 7th Feb re Equipment Purchase - extract
"This equipment will decrease turnaround time across R&D and manufacturing, and allow us to develop a market-leading product much faster"
Peter's own words - reducing R&D time allows scale to happen much quicker.
You can start to see how the story is linking together. The way I view it is 1) accelerate production commence date 2) tell the world we exist 3) leverage world class technology 4) create a global company. Let's also remember, the 3 Tesla guys have been there only 3 months. If the above was agreed/achieved/finalied in this timeframe, imagine the possibilities by the end of this year, the end of 2025 or the end of 2026.
A dip of 0.05 in the grand scheme of things is literally peanuts. Swazers can do all the day trading he wants but genuine investors need to balance the art of patience Vs a quick buck or two. Once production begins, once contracts are signed, once trials are passed - DGI is in a new space and has every opportunity to be a leader, and globally.