Australia's largest stock trading and investment forum Australia's #1 stock forum

NVQ

Click for more information

0.00%

2.1¢ noviqtech limited

Ann: TYM and Lloyds Register Collaborate for Guarantee of Origin, page-5

First 5 Last

Share
Profile

Follow
sle

10,798 Posts.

348

17/08/22

20:15

Post #: 63175466
Share

Originally posted by Kirpa: ↑

Yes that's true @rolling . All early stage companies burn cash until the business is producing revenue and is cash flow positive. Nothing unusual. Looking at the 4C they have enough cash until Feb/March so yeah they'll need to raise cash in the next 4 months. They restructured the business and pivoted into renewables and raised at 1c in July 2021. Not many pre revenue tech companies on the ASX would be up over 100% in the same time. Many that I look at have been absolutely smashed in the last 12 months. TYM is doing ok I reckon. Still very early days but the potential is there for something special from these levels. If management can execute these pilots into commercial contracts 2c is going to look silly. Time will tell as it always does.
I reckon the total disaster from IPO to when the Europeans left the business is still hurting sentiment and it will take at least one or two commercial contracts to turn sentiment around but the signs are definitely promising from my perspective.

Expand

Hit the nail on the head:

" If management can execute these pilots into commercial contracts 2c is going to look silly. Time will tell as it always does."

Until then we will hang around these levels.

TYM Price at posting: 2.3¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CNB

Carnaby Resources hits copper at Mohawk, QLD

There are more pages in this discussion • 15 more messages in this thread...

First 5 Last

Add NVQ (ASX) to my watchlist

(20min delay)
Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $3.545M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.1¢	$296	13.91K

Buyers (Bids)

No.	Vol.	Price($)
2	173519	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.5¢	187176	1

View Market Depth

No.	Vol.	Price($)
2	173519	0.021
1	20000	0.018
2	72727	0.011
1	79888	0.010
0	0	0.000

Price($)	Vol.	No.
0.025	187176	1
0.029	100000	1
0.030	100000	1
0.031	286	1
0.035	3340	1

Last trade - 13.34pm 09/09/2024 (20 minute delay)

NVQ (ASX) Chart