Fair enough sivart. In that vein, what I think it will take to make 5c a support level or a wishful entry point is any one of:
- more sales at more retail stores. I agree this may take a few months because of winter/CNY, but it is also most likely to be the driver of sustainable share price gains.
- major ramp up in Etropolis sales. This presumably wouldn't happen until at least northern hemisphere winter, and even then looks unlikely.
- high volume of deliveries into Garansindo (Indonesia). This is more likely to ramp up over a longer period since I presume there is a phase of modifying designs for the Indonesian market.
- parts JV is put in place and we find out that with increased production capacity and minor pricing tweaks, VMT's share of profit is targeting over $1M in first year (wishful thinking, I think it will take aa bit longer than that).
- a significant sale of street cleaners, i.e. 100+, with the expectation of more later. This is the biggest wild card which might happen any time, and might never happen.
Good luck all!
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $56.45M |
Open | High | Low | Value | Volume |
12.0¢ | 14.0¢ | 12.0¢ | $3.548K | 27.98K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 80 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 668448 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 80 | 0.125 |
2 | 26877 | 0.120 |
1 | 34652 | 0.115 |
2 | 4100 | 0.110 |
2 | 16500 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 628448 | 6 |
0.145 | 83210 | 3 |
0.150 | 385114 | 5 |
0.155 | 98432 | 2 |
0.160 | 70000 | 1 |
Last trade - 15.09pm 19/08/2024 (20 minute delay) ? |
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