I'm a big fan of this stock too Tcruicks but we need to stick to the facts.
Take another look at the cash flow statement for the half year. Cash flow definitely not positive. I expect it to be temporary, but it is negative this half none the less.
Secondly, under Cash Flows from Financing Activities there is $23.63 million under Proceeds from Borrowings. This suggests to me that the company is no longer debt free either. Again, I expect it to be temporary, but it is still there now.
valuation, page-4
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Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $69.15M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 33.0¢ | 31.5¢ | $74.14K | 226.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65747 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 8751 | 1 |
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| Last trade - 15.09pm 30/08/2024 (20 minute delay) ? |
| MCE (ASX) Chart |