Just has a read over the annual report and my first thoughts are what does this company actually do? It is totally reliant on a bunch of academics doing academic things at academic pace which has so far yielded $30 worth of zeolite.
This honestly IMO looks like a school project that somehow has a market cap of nearly $100 million, with two and tuppence in the bank -now that is frightening. How could you possibly value this company at this valuation in this market?
Absolute house of cards IMO, I would be happy for someone to explain this valuation to me ?
WW
Just has a read over the annual report and my first thoughts are...
Add ZEO (ASX) to my watchlist
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Last
3.3¢ |
Change
-0.004(10.8%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.3¢ | $14.56K | 426.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 909090 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 100000 | 1 |
View Market Depth
| Last trade - 14.54pm 07/05/2024 (20 minute delay) ? |
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Last
3.3¢ |
Change
-0.004 ( 10.8 %) |
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| Open | High | Low | Volume | ||
| 3.6¢ | 3.6¢ | 3.3¢ | 71921 | ||
| Last updated 15.01pm 07/05/2024 ? | |||||
| ZEO (ASX) Chart |