Q3 report will have increased revenues coming through as contracts were completed or significant milestones achieved. Maybe 2-4mil revenue for next quarterly with a profit? Also company was never going to run out of money with current cash burn because of these next 2 quarterlies unless they invested in the expansion in the US which is now covered by this raise.
It’s all dependent on the end of this financial year. How these quarterlies look, what contracts and sales the team can deliver, and the timeline and more specific news/information regarding the US facility.
IMO next quarterly gives us another floor for the SP somewhere around 6-7 cents and what we really need is another expanded US Navy contract or a contract in oil and Gas with Exxon or Chevron.
Q3 report will have increased revenues coming through as...
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Last
7.0¢ |
Change
0.006(9.38%) |
Mkt cap ! $26.06M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 7.3¢ | 6.5¢ | $120.2K | 1.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 285000 | 6.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 7.1¢ | 66288 | 1 |
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| Last trade - 15.49pm 04/06/2024 (20 minute delay) ? |
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Last
7.3¢ |
Change
0.006 ( 15.9 %) |
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| Open | High | Low | Volume | ||
| 6.7¢ | 7.3¢ | 6.5¢ | 300191 | ||
| Last updated 15.11pm 04/06/2024 ? | |||||
| AL3 (ASX) Chart |