I am on the same page as you, on the one hand, they need and are trying to cut costs, then go ahead and add unnecessary expanse hence my query, my assumption is they may need a spruiker and someone at the front gate to deal with disappointed shareholders after years of "grinding water " of only potential but NO real significant progress.
Same as you, I am not investing any further and after reading the post I took my buy order @ 21.5c
Prefer to wait and see a real improvement in numbers, before adding to my position.
FY23 estimated Ebitda 4mil, defiantly not shooting the lights out
CMP Price at posting:
22.5¢ Sentiment: None Disclosure: Held
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