To Jake0002, Coto & Seuss,
This is not a criticism, just straight forward questions on your preceding posts as your points intrigue me.
Jake0002 - Can a company that has never made a profit be 'cash flow positive" I ask that question as I was never good at accounting?
Coto - Do you think that having never made a profit might be a restriction on COE's share price?
Seuss - re: a logical buyer of COE; do you think that as COE has never made a profit that it would still be attractive as a takeover target?
The loss for this 23/24 FY will probably be the greatest yet given the cost blow out for the BMG rehab.
Below is an extract from my last COE post which was dated 2/11/2023.
"I cannot see anything on the horizon that should point to a meaningful turnaround for COE. We won't see an annual profit (again) this financial year given the cost for BMG rehab will chew up c. $195M. It concerns me that a company uses assets for a number of years, doesn't make a profit, then books a $195M cost to rehab the spent assets?"
Have a read of my previous 2/22/23 full post.
I see average production for Orbost is still under 50Tj/d (another drag on COE's share price) and COE is now No 68 on the most shorted list, down from No 100 in November 2023. From my perspective I still cannot see anything about COE that is pointing in the right direction.
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $567.6M |
Open | High | Low | Value | Volume |
22.5¢ | 22.5¢ | 21.5¢ | $556.8K | 2.560M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 21554 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 162010 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21554 | 0.215 |
9 | 802914 | 0.210 |
15 | 750786 | 0.205 |
21 | 917779 | 0.200 |
9 | 749461 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 162010 | 5 |
0.225 | 508326 | 12 |
0.230 | 1441429 | 12 |
0.235 | 493615 | 13 |
0.240 | 3821391 | 25 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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