RE: Takeover18 Jun 2020 11:17
Posted at 1.5p
"EB is correct though, the technology has not been proven in a commercial large scale WTG project such as the one being proposed by BA and Shell. If it were proven the company would be worth somewhere between 500m and a billion, we can see this from the history of the stock.
The fact is that 9 figures has gone into this company in attempting to prove it including a signficiant demonstration project.
The fact that this now languishes at sub 10m market cap makes it an asbsolute bargain.
This doesn't negate what EB is saying, but it doesn't mean that the stock isn't underpriced by 10x for where it actually is at this point in time. Knowledge of the industry does not equate to knowing whether a stock is a good punt or not."