RE:Is this the bottom?Hi Tebo,
I think if you were to buy at this price it would be tremendous value. But it is difficult to say if this is the bottom or not because NL doesn't have any revenue yet to be able to do any calculations as to what the true value is (I am a fundamental investor).
So far the company has executed its plan on getting their license. Their recent update seems promising that contracts (and revenue) is on the way. I think if NL is able to get revenue and profitability going this year, great growth can occur. The extraction sector is already showing value (see labs and Valens). I also keep in mind, that the products haven't even hit the shelves yet.
BEST CASE SCENARIO: NL gets revenue started this month and announces 2 to 3 solid contracts before Christmas. Then, 1) Revenue shows on the 1st quarter in 2020, 2) surprisingly better revenue shows on the second quarter, and 3) Profit in the third quarter.
WORST CASE SCENARIO: NL doesn't deliver any more contracts, and tolling is slow. Slow revenue and profitability isn't attained next year, as well as doubt existing on NL's ability to get more clients. HOWEVER, there isn't any evidence that this is happening. Personally, I feel PP is well connected in the industry to get clients. Also, IF their IP is accurate, NL may be able to provide services to clients at a better price point and more efficiently.
Just my opinion. All the best!