They mentioned that they believe their forecasts are conservative. They are more confident in this contractor (one would hope they have done more due diligence after the failures of the last one). As to the risks of being wrong, they gave the impression that a key difference this time is they have a better grip on all the difficulties. The lower production forecasts factor in the difficulties they have encountered in transport which will take more time and cash flow to better resolve.
On a more positive note, they appear confident that they can get through to cash flow positive with current funds/facilities.
They mentioned that they believe their forecasts are...
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Last
9.4¢ |
Change
-0.003(3.09%) |
Mkt cap ! $102.5M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 9.8¢ | 9.4¢ | $6.281K | 64.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 118663 | 9.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.8¢ | 2365 | 2 |
View Market Depth
| Last trade - 13.51pm 30/05/2024 (20 minute delay) ? |
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Last
9.6¢ |
Change
-0.003 ( 3.03 %) |
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| Open | High | Low | Volume | ||
| 9.5¢ | 9.7¢ | 9.5¢ | 63729 | ||
| Last updated 14.52pm 30/05/2024 ? | |||||
| CKA (ASX) Chart |