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i bought into this company agreeing with the potential growth and liking the product and the theme.
it seems to be at a pivotal point in its history in terms of the possible expansion into uk, europe and usa as well as aus.
the problem is that all these trials and high profile projects have to translate into some revenue growth in the next 12months or investors will start exiting.
i only bought in 3 months ago at 10c and i am planning to give it another 12mo.
i believe the downside from 10c is limited, but the recent 20% drop has been disappointing.
i suggest it wont blunce back up in the next month but the mext 1/2 year update should provide some catalyst if trials can be converting into real revenue, just like the columbia mine project did.
i think given the sales push is in its infancy that it would be way premature to sell out now.
the costs are low now and focussed on sales so the margins on new revenue will be high.
if they cant show 40-50% revenue growth wthin 12mo then ill cut my losses.