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!