My problem with them now is that they are openly saying they will need to raise more capital to get to profitability. Even then, they are talking about Kingfish-only at this stage, which was previously limited by demand... so would question whether pricing will hold up much beyond break-even.
It is difficult to place a value on the company when it is impossible to know what price they will need to raise new capital at. The reality is, they need to prove the SBT fishery to fulfil their early blue-sky promise and that is now a distant mirage - much as many investors would like to see them succeed.
However, if they can win enough trust to get back to profitability (they are certainly trying hard not to "surprise" anyone with their need for more cash!), then perhaps they can manage to raise enough funds to re-start the SBT programme before they lose all corporate memory?
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.22M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 17.0¢ | $111 | 650 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 45251 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 45251 | 0.170 |
2 | 10820 | 0.165 |
4 | 30126 | 0.160 |
1 | 100000 | 0.155 |
3 | 156600 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 5000 | 1 |
0.180 | 18249 | 1 |
0.185 | 179929 | 2 |
0.190 | 10000 | 1 |
0.195 | 15140 | 3 |
Last trade - 10.02am 04/09/2024 (20 minute delay) ? |
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