An updated valuation of 55 million added to 62 and 82 million (assuming uptake) of fund raising brings ANIC's valuation up to £200 million **before** they have invested the cash. Bringing the P/B (market cap vs NAV) ratio down from 5.5 to less than 1.
For reference hype outliers like Tesla have peaked at a P/B of over 66.
For reference hype outliers like Tesla have peaked at a P/B of over 66.
Trade active:
22p floor was stopping the share price from reaching technically 'oversold,' when it finally broke it triggered a buying spree, currently pushing against the 28.5p resistance. News expected to push it through by the end of the year.
Long term hold continues.
Long term hold continues.
Trade active:
Finally broken through the 28.5 resistance, expecting a push over the next week and then either a retest or a continuation depending on the pace of news. Lab Meat in supermarkets will be the big trigger for hype parabola.