I strongly believe that the advantage you perceive Nanoco to have is more real than imagined. I've looked at this hard and will share some more detailed thoughts on it soon but I will be out for the today. The bottom line is their CEO promised signing multiple deals by now which have not arrived. Why could that be? Nanoco need that factory to be fully operational just to match QTMMs current capability and the actual difference in commercial status and credibility verges between wafer thin and non-existent. If one were to put the QTMM she price on level pegging today, which I believe is warranted now even absent an announced contract we should be trading at approx. $2-4
Anyone can quibble with the above since there is no tangible news, but I will be commenting further
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