RE: RNS...29 Sep 2022 08:39
Thankfully the second RNS is far better worded. Sales target exceeded, conservatively you would think 170,000 tonnes could be hit this year, which would mean revenues of around $15m. Market cap of the company is GBP 17m plus it has $2.5m cash so the valuation is around 1x sales. Could well be valued on 2-3x sales so quite positive all in all.