Agree mostly but PNV showed yesterday that punters will reward steady gains in sales when it's demonstrated that it can be achieved on a self-funded basis.
Now you, me and a bunch of other folk on here obviously hope and/or expect that Striate sales are going to ramp-up sufficiently (and with sufficient margin) to substantially bridge that quarterly hole in cash flow.
These guys have been pretty good but when you've had companies like MSB in the same sector repeatedly bleed their retail investors dry while management has done quite well financially themselves achieving two fifths of not much for the company then investors have a right to be cautious.
If and when OCC sufficiently demonstrate a path to cash neutrality (and/or other positive news) then I'll expect a substantial rerate but until then I reckon we're stuck below 50c. The Striate royalty payment was great but it was a one off.
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35.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $74.31M |
Open | High | Low | Value | Volume |
36.0¢ | 36.5¢ | 35.5¢ | $65.26K | 181.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 56760 | 36.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.5¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 56760 | 0.360 |
2 | 51530 | 0.355 |
8 | 149716 | 0.350 |
4 | 89488 | 0.345 |
2 | 45000 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 41312 | 3 |
0.375 | 32756 | 2 |
0.380 | 7845 | 3 |
0.385 | 54712 | 1 |
0.390 | 21502 | 4 |
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