Bought some at 20.. think it’s good for a retrace!
Company has its fair share of troubles but if funding required it will not be for another 4 months. If the debtors issue is resolved then no fundraise.. worth a punt?
Management must be confident they can do what is required to prove up the asset with regard to cash spend required if they bought back some of the shares now held in treasury. Placing done and cashed up.. lots of news flow.
I heard he is complaining that his company trades well below its NAV.. well I think he needs some lessons in the basic principles of shareholder value!