Interesting concept - drones for target practice!

Makes sense though right? I hadn't thought about it but of course you're going to need drones to target practice.

They're just too young for me though. Their margins - gross and net - seem to get worse the more they sell, so it's impossible to know at what level that settles down and what they might look like in a mature state. Also, back of the napkin maths suggests they're charging about $2,000 a drone, which is pretty close to the $2,500 per drone incumbent position that led to the company being set up (see snip from the prospectus below). If the strategy is to market cheap and cheerful counter-drone target fodder, I'd kind of expect they'd be a fair bit cheaper than that.

But it's good to see a microcap industrial company IPO and I wish them well.

Over time wouldn't you just skip buying the sacrificial drone altogether, or minimise the numbers, and just use the VR type training the XRG has recently launched. The selling pitch on that product in terms of understanding the battlefield dynamics and flow on effects of when to shoot down and when to leave seemed to make a compelling use case.

@Slideup I reckon the VR training space has its place as complimentary, but the only way to be sure that your counter drone technology is working is to shoot down actual drones.

@Strawman I'd be really interested in a Meeting with someone from BST if anyone else is.

BST went up 70.31% today, closing at 54.5 cents. I hesitated this morning when it first opened and I could have accumulated more at 36 cents, just to watch it shoot upwards. Is anyone else looking at this.

@tomsmithidg I went through a few of the documents yesterday after your post bought it to the groups attention.

Very keen to shift through the remainder of what’s there in more detail. The immediate thought was it has a lot of the right place right time stocks to really sky rocket (ie what happened today) in a similar manner to what happened with Drone Shield.

It appears that some of the senior staff have migrated across from EOS (unsure if that’s a good or bad thing at this stage).

I am also keen to understand more on their contracts and how their price point (per @Noddy74 ’s comment) can be enough of a moat to draw in enough business.