MM, as you're concerned about cash, I can see why you're also concerned about the share price.
I have a different take - I don't see cash as a concern any more, so am not concerned about the shares price. Don't get me wrong - it is frustrating to see the stock trade at a fraction of it's true value - but that can only go on for so long.
Revenue is increasing as evidenced over the past week. As these sales were through distributors, I doubt there is much in the way of costs attached. And let's not forget, that PB Australia has a $2m sales target for 31 Dec.
The more sales TZ is making, the further the $8.5m will stretch. At the recent rate of sales, TZ won't need to raise capital for at least another year - if at all.
Everybody knows this - including the broker who is pushing the price down, on behalf of their clients, on very low volume ($23 trade to wipe $2.5m of the company's value), - in the hope of creating a panic.
Well, from what I am seeing, pretty much all of the stock is now rusted on and is being treated like potential gold-dust - and rightly so.
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Last
2.3¢ |
Change
-0.002(8.00%) |
Mkt cap ! $5.901M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.3¢ | $2.572K | 108.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 41873 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 125000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 41873 | 0.023 |
1 | 588000 | 0.008 |
1 | 100000 | 0.005 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 125000 | 1 |
0.028 | 211025 | 2 |
0.029 | 4080 | 1 |
0.030 | 166667 | 1 |
0.033 | 24575 | 1 |
Last trade - 14.13pm 06/09/2024 (20 minute delay) ? |
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TZL (ASX) Chart |