Re read it and still positive. Fundamentally they have recommended as a buy at a significant premium to current price, although speculative. They do highlight issues, but even with those they predict SP increase.
The catalyst for me in the next 12 months is increased sales, also glad to see cost reductions implemented in line with the plan they set out.
I do agree with you that in the absence of news we will burn cash and SP may drift lower in short term. However, from my perspective they have outlined a timeline and sales program to achieve a significant increase in sales by June 2026, so cash burn should be greatly reduced or hopefully cash positive. If not, I think I would be looking to sell out at that point myself.
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Last
7.4¢ |
Change
0.002(2.78%) |
Mkt cap ! $149.7M |
Open | High | Low | Value | Volume |
7.2¢ | 7.5¢ | 7.2¢ | $138.3K | 1.899M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 87347 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 87347 | 0.074 |
1 | 54356 | 0.073 |
2 | 17035 | 0.070 |
1 | 3604 | 0.069 |
2 | 150000 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 50000 | 1 |
0.078 | 100000 | 1 |
0.079 | 50001 | 1 |
0.080 | 185070 | 4 |
0.083 | 100000 | 1 |
Last trade - 15.05pm 19/06/2024 (20 minute delay) ? |
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