IMO the company's original guidlines* are still intact because as crop poundage prospects & CBD content rises, the $/% of CBD in biomass
decreases (price). CLI also has the benefit of offering consistent and high volume feed to a processor over a 3 month period and, IMO, this should command a better biomass price than your average 15 acre one hit hemp cropper.
CLI being a big producer may also have the advantage to obtaining better/quicker deals to interstate processors, IMO.
With a current Mkt Cap of $24.5 mil & the prospect of having $40 mil in the bank (9c/share) come Christmas, Mr Market is obviously being cautious.
The Management & Board have the challenge to convince the Market that not only the prospect of having $40 mil in the bank but that the Board & management can match that or better for 2020 ( Mr Market always looks ahead)
IMO, if Mr Market does not wake up there is a distinct possibility, IMO, that CLI may revert to private hands at these low share prices.
Apart from the soon to come compliance data, there are the variables of poundage, CBD% & $/% CBD and of course the weather.
* 800K lbs @ $35-$45 USD/lb ( total crop $41.2 mil AUD to $53 mil AUD)
- Forums
- ASX - By Stock
- OLY
- September...CLI's home run
September...CLI's home run, page-133
-
-
- There are more pages in this discussion • 198 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OLY (ASX) to my watchlist
|
|||||
Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.162M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 160000 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 10708 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 160000 | 0.031 |
1 | 16666 | 0.030 |
1 | 2000000 | 0.015 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 10708 | 1 |
0.044 | 135127 | 1 |
0.045 | 65550 | 2 |
0.047 | 48695 | 1 |
0.054 | 40000 | 1 |
Last trade - 16.12pm 30/08/2024 (20 minute delay) ? |
Featured News
OLY (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online