I know what you mean, Mooroolbark. Back in 2008 we were anticipating a NASDAQ listing at around $25 !
Anyway, it is great that this raising was over-subscribed. It was a pivotal moment for the company, I think.
Had the raising failed, it would have thrown into question our ability to win further contracts and roll out large orders with UPS, Malaysia Post etc.
I don't expect we should expect any short-term S.P. surge. There are still profit-takers in the mix from the share-holder raising. Plus the market is still sceptical of management's skills.
But I am really confident of our prospects now. Snake Eyes, I agree. $40 million is now definitely achievable for FY 2016.
Positive times ahead !
TZL Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
