RE: Oversold and Undervalued17 Feb 2026 14:09
Pete
Yes, I called it a strong buy at 5p — and I stand by the logic, because the long-term operational target hasn’t disappeared. The only thing that’s changed materially is the share price.
At 2.4p the market cap is a fraction of what it was. The same assets, the same ambition, the same strategy — but priced as if failure is guaranteed. That’s exactly when asymmetric opportunities appear.
If delivery lands — site acquisitions, operational capacity coming online, funding clarity — this doesn’t move 10–20%, it re-rates multiples. AIM stocks don’t recover slowly when sentiment flips; they gap up hard.
The market has already priced in extreme pessimism. When everyone is convinced it’s going to 1p, that’s usually when liquidity tightens and any positive catalyst forces a sharp reversal.
Am I down on paper? Yes. But that’s irrelevant unless I sell. What matters is where the company is valued today versus its potential operational output. At this valuation, the upside outweighs the downside in my view.
This is high risk, high reward — but from these levels the reward side is now significantly amplified.
I’m not selling at capitulation prices. I’m positioned for the turnaround.
GLA — and as always, DYOR.