CFO 0.00% 0.2¢ cfoam limited

Ann: Appendix 4C - quarterly, page-39

  1. 675 Posts.
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    Way too early to make calls of that nature I think. Will be a $1m/qtr business by 30 June IMO and push from there. Most punters like me are down on their averages. Whoever was buying this week at $0.13 will do well.

    I think the market is recovering a bit. Still tough out there but I think we will track back to $0.20. Current demand is up to $0.15, just needs to keep volume up.

    This one feels like a leaky ship. If positive news is coming buyers will line up and volume wont be there. I can't see a deal under $0.30 - remember that Directors need to sign off in the best interests of shareholders. The Touchstone crew don't have enough to force the issue, they will need to make it attractive enough if they do it in 2019.
 
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