RE: Any context? - "Work not started" document26 Feb 2021 02:42
I'm certainly invested and I'm generally bullish on this one, but I think quite a bit less so than yourself Tils. I don't necessarily think it will catapult.
In particular, I'm a bit concerned about how much the extension is going to cost and where they'll get the money. In all likelihood they'll take on a lot more debt, in which case I'll have to look closely at their debts/assets and income.
What I'm really worried about though is in case they further dilute the stock, as they've done before on a few occasions. They're still a small company and whilst noone wants that, it might be their only way to grow if they can't raise the funds otherwise.
Even still, they've got a functioning port and a tiny market cap compared to similar companies. I'm bought into this. I just consider it one of my riskier punts.