Fair point, there is always the possibility of impairment, but the price probably reflects that now at a 33% discount.
The good news is that they have a brand new plant to show for it, and no real debt after the capital raising, so in cashflow terms ( adding back a big depreciation charge) they ought to be OK.
I also think there is a reasonable possibility of someone taking them over.
if they ever, page-44
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Last
35.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $77.94M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 35.5¢ | 35.0¢ | $12.15K | 34.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 451 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 52526 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MCE (ASX) Chart |