Other issue upon further analysis of the Financial Report is that the MC is still way overpriced at $17.65m. With revenue of only $0.2m/annum and a loss of $6.8m for the year, unless someone is planning to take over the tech, there is no way Institutional investors would get on board. A share price of about 0.4 cents is my valuation for this stock.
Perhaps that is why people would accumulate it, to take over the tech. I just can't see any other reason to buy anywhere near this price.
Ann: Annual Report to shareholders, page-75
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Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.73M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 100060 | 2 |
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| NOR (ASX) Chart |
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