RE: 200p11 Jul 2020 11:50
@Safy
I do agree it seems a long way off right now. I've had to adapt my own expectations here. Initially viewed it as a quick flip 1-3 month hold.. That is not the case, the BoD have made sure of that. I dont think the entire blame lays there I just think we have struggled to get to market, be that prod dev, country approval delays, lack of disti channels or even commercial acumen (we will know more on that in the coming months). I share your view on DB, I'm not impressed and in normal times I'd cut my losses and run, but covid presents a generational opportunity.. sure, it doesnt look like that right now. But I'm happy to take the risk.
I'm confident of this stock surpassing previous highs. My reasoning is as follows;
- product now ready to go to market. Offering a simplified and streamlined service in comparison to peers.
- temp stability which in theory should appeal in any warmer climates. Our targets
- PoC test to come - an opportunity to be first to market, unsure whether they will achieve this but it is coming.
- Covid sentiment will return with the 2nd wave this winter. The virus survives 10x longer in the cold according to a new report.
Im holding down to the simple belief that this winter it will return. That's based off previous diseases of this ilk, that there is always a 2nd and third wave. It is highly contagious and we have not applied ourselves in a manner to show that we can contain it in any other way than lockdown and test.
It's been a tough few months here, I hope this is the bottom but do think It may go a little lower next week. I'll be holding until winter. And if that 2nd wave doesnt come then well, it is the risk I take.
Either way it's been a serious learning curve on entry.
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