I think some people are getting a bit ahead of themselves with valuations and lauding of management!
JM certainly appears to have been very busy and has put together what appears to be a very good proposition.
However, until such time as we get the runs on the board we are still in dream land.
There is no cash for NuSep yet. The deal is for the fit out and equipment (S$3.5M) and the approval documentation (S$2.5M), no where does it say we are getting the money yet.
Where will the funds be coming from for the S$1.1M of PrIME manufacturing units PLUS the NuSep separation membranes?
How will we employ the staff?
Until the plant is established and sales occur it will be very difficult to value the company.
To put a value on the company now is almost like taking a bonus and justifying it with results at a later time - hopefully.
Let's not put the cart before the horse.
It appears that we have a solid development happening and it is something that we should support and follow closely and give congratulations when the runs start occurring.
Have a nice day and I look forward to the announcements as they begin to flow.
I am particularly interested in the S$500K worth of sales that are to occur in Singapore by the end of this year.
Regards.................
MEM Price at posting:
7.0¢ Sentiment: None Disclosure: Held
