RE: To potential bidders it must be like walking into a sweet shop19 Jul 2024 13:52
People seme genuinely surprised the market isn't at double digits already, forgetting we only recently had a playing decimate the SP and spook off a lot of serious investors. Funded for now yes, but that kind of behavior scares people off.
Adding to that, if the cash burn is already 4.8 million year and they plan to increase there to circa 7.8 million that eats all the profits. Even if we get 8.5 million revenue as some suggest in the UK, what percentage of that is profit? Even assuming that its virtually free to produce that leaves just 1.3 profit a year, hardly justifying a 50 million mcap. Lots of maybes about the future, and even if they do go positively, the SP won't ride years in advance on a maybe.
Just take some time to approach things logically, then you're less likely to get burnt. A hell of a lot of rampers here pulling figures out of nowhere