The current NTA = $0.08 p/s, meaning IMO that the current SP of $0.031 is a bargain buy.
They are producing and generating small scale profit, so they can keep going for quite some time.
Everything hinges on them finding a partner, and if/when this happens we will be many multiples of where we stand today.
Management has delivered before (Aurora) and are looking to repeat something similar.
My perspective is that this is a medium risk and very high potential reward investment.
Ann: 2023 AGM Webinar Recording, page-21
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $12.85M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $1.32K | 127.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2716682 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3419902 | 3 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| ATS (ASX) Chart |