RE: Top up13 Nov 2025 19:04
Pixels.
The RNS didn't state any value, cash inflow, or binding JV terms - just partnership intent and technical cooperation.
AIM investors typically want a funding, equity, or revenue element before re-rating further.
• Without that, it reads more as a strategic alignment than a value event.
Warrant & placing overhang
there are still millions of 4p-5p warrants that can be exercised and sold for profit.
• When the price nears 6p, holders tend to sell into strength - which caps short-term upside.
◦ This creates that "ceiling effect" where even good news doesn't lift the price much.