RE: New Proactive interview with PMG13 Feb 2024 14:20
Happy enough with that interview,while appreciating that it is scripted ( as we pay for it).I am not sure what more Paul could have added as he confirmed that we are on target for FY24,he is happy with cash position & confirmed that a raise will not be necessary,new production( VW via Magna) starting now,margin mix results in increased margins,hard launch of G3 this week @ Geotab,Aviation progressing well etc.
The projections,including $125m revenue FY26 are based on what is currently known & , presumably , our winning a reasonable% of outstanding RFQs,securing material G3 contracts & long awaited Aviation contracts could result in an upgrade on those projections.
Paul & The Boards conviction regarding our outlook would be clearly demonstrated if some or all of them (preferably) were to buy shares this week ahead of the close period prior to Interims.If Paul believes what he says he must consider our SP to be ridiculously cheap.