@Noddy74, I spoke with Chairman James Kruger recently — very impressed with his credentials, connections, down to Earth style, and ambitions for CY22. Just wish I could pick up some more stock on market without moving the price around too much, a very tight sell-side! Expect it to run to 20c+ ($20m MC) and form a new base there once we start hearing more from the company this quarter — particularly when the new level of cash-burn is revealed in the next quarterly (which will be very low given the team have elected to take options instead of a salary, with a 20c target). ARC is at a $20m+ valuation and I tend to think that PVL should be on an equal valuation or more (bigger, more credentialed team and a larger portfolio).

Really good post TEPCapital. You laid out a compelling investment thesis. It's not a company I'd come across and I will definitely take a look. I'm a bit sceptical about a business that invests in an Australian space services company - but one day someone will find a model that works. CourseLoop and Firmus Grid both look interesting, with CourseLoop being an IPO candidate in the next 12 months.

Harley Grosser has been a busy boy in the past couple of years! In addition to his involvement here he is the founder of Capital H, MD of ARC and a Director of Motio - the latter two only coming in the past 12 months. I've also heard him on numerous podcasts and Livewire. There's barely a deal that gets done that he hasn't had some involvement in. I hear Kevin Rudd approaches him first when he wants to secure more vaccine...! It's perhaps slightly interesting that he has used Capital H and not ARC as the investment vehicle for PVL. ARC has flagged having a Venture Capital fund manager within its structure but it may of been easier to attract the team (Josh Baker et al.) it has from a Capital H perspective.

Will try to look at this more closely in the next fortnight.