Careful TradingLooks like very carefuel trading on this stock, and no lack of wanting to get in. The new floor is 20 cents looks like. Small dumps with lots on the bid waiting around 20 cents. Not alot of shares up for grabs, and mostly institutionals are doing the buying and selling, trying not to push up the price.
I see this as all positive on the interest side, not to mention the recent golden cross.
The company does have some major capital issues though that have to be taken care of. If they can get their warrants exercised that will help in the short term. They may need another capital raise. I would also like them to find another source of beryllium supply as all there eggs are in one basket, which has risk. Obviously lot of the outcome depends on the F22 contract, and the spinoff from that.
Their competitors in the space, there is 2 big ones, have lots of capital, relationships, and resources.
The biggest thing of all though is still the incredibly low market cap. Once some contracts come in, the capital issues will be solved. A real chance of a buyout here with such a small market cap, and potential supply into key industries as defence and areospace.
Cheers
Presclubs