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10/03/19
15:11
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Originally posted by Onspeed
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That’s nice buying in the 20’s SMXx50Folds
ST I think we will push up to 1$ quite easily - maybe even more as the MC is still quite low.
SMX has quite a low Capex requirement compared to others in the spec end so raising all neccesary capital should be easily achieved when required. I bring this up because there isn’t much in the way of barriers to stop the company growing strongly and steadily towards MC numbers in the 100s of millions or even billions. It is really just about Market penetration, POC and Sales as we know the technology is real and the company is genuine. Our strategy is simple;
1. Sign agreements with Tier 1 groups (Done)
2. POC/Trials Successful (Succesful/Ongoing)
3. Commercialise
SMX is doing this simultaneously across quite a few industries. So talk of SPs in the $10 range is very possible if the company makes no mistakes and converts trials to revenue generating agreements (which I feel is very close)
Other fundamental areas of the company are exceptional. The amount of shares that seed investors and others have volutarily escrowed is really good to see. Basically all the insiders are so confident in this technology that they locked their holdings up for 12-24 months. The fact that companys as big as BASF have decided to work with us says a lot also. Management appear to be very conscious of the capital spend and structure i.e they are aligned directly with us.
Hope you are all having a nice weekend and enjoy next week, it is shaping up to be an exciting one
OS
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Slow and steady rise is the way to go, the potential is enormous, the market is still asleep to the technology but it will wake up pretty soon, one more price sensitive announcement and we are on our way, $2 without a doubt by years end, will not think $10 for now , the most important are the deals this company will make with tier 1 companies.......as I said few weeks ago, this is the best company on the ASX to invest in.