Now looking an even bigger bargain?
Executive Chairman Simon Cleaver has proved true to his word issuing a further progress update on corporate restructuring and the new design non-superconducting Magnetic Fault Current Limiter ("MFCL").
With group cash balances confirmed as still being nearly £6m, at the current (now higher) share price of 7p and resulting market capitalisation of c£4.9m, the shares are effectively trading still below cash.
It's all starting to look a lot more promising!
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