I tend to agree with you about the traders & those exiting early, we will see over the next few weeks I guess. Anyone with any vision will realise the bigger picture; there are some big initial players in SP3 that are in for the long term. I can't see why they would take large positions in a company with limited prospects.
Spectur has many potential opportunities in large industries & I assume more possibilities will come to light as we go, but I expect many will come from their ability to create proprietary solutions; as this is also a SAAS play. I am aware of another technology that will be in development in the near future, that could have great synergies with the Spectur offering, but time will tell.
I would say the time for accumulating a decent position is now & anything under 50c looks a good buy. The current MC is $17.2M @ 42c which leaves plenty of upside IMO, especially as the market improves & if it gets ahead of itself..... Then its anyones guess. There have been some examples of ASX listed microcaps with >$100M MC - with $0 revenue & still to prove their concept, let alone commercialise.
To your question about potential price; yes I agree $1 is certainly possible as $41M MC doesn't seem excessive; over time $1+ could be sustainable if as you say, they land some decent contracts.
I'm impressed that management proved the concept, achieved high growth & improved margins prior to listing. This team seems to be very serious about building a lasting business & they have attracted high quality investors because of it (as you say a unique Aussie Icon).... Now its time to scale Australia, then the world!!
Cuse
SP3 Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
