Maybe it will go lower, but not for too long.
$60m cash at half year, even if it goes down to $40m by year end, that gives an enterprise value of $15m.
They have spent over $300m of shareholders money. I'd be surprised if they haven't created, or acquired, more than $15m of value.
Hopefully a four bagger in due course.
Maybe it will go lower, but not for too long. $60m cash at half...
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