I'm sure they know that it is practically inevitable that a share price slides after consolidation. That's why they have a pile of good news ready to light a fire under it. Right management? About time to reach into your bag of tricks, down 20% this last couple of weeks.
Our big problem is we sell the stuff for bugger all more than the cost to make it. What I don't understand is the lack of motivation to reduce costs. From memory, by its own reckoning waste palm oil is/was 30% cheaper than tallow and a pilot run was trumpeted as a success. "Production quantities" has been filed in the gunna happen bin for more than 2 years now. What gives? Now we have the guys that were going to supply/offtake it suing us for nonperformance???
I don't believe any facts were harmed in the making of this post but I would check for yourself.
reverse split?, page-5
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Last
13.5¢ |
Change
-0.010(6.90%) |
Mkt cap ! $54.47M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.5¢ | $5.4K | 40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 255697 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 223328 | 4 |
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| Last trade - 15.12pm 24/05/2024 (20 minute delay) ? |
| TEK (ASX) Chart |