I'm re-reading the summary of the 2016 AGM, kindly posted by...

I'm re-reading the summary of the 2016 AGM, kindly posted by @Eire2011;
https://hotcopper.com.au/posts/20530076/single

Regrettably, the SP was 37.5 cents at that time, and has only gone down.

Nevertheless, guidance was given at the time;

"FY 18 QRT 1 for first sales into India which is huge. The increase in costs for 4th QRT FY 17 is due to launching a new product or into a new market, so it would be fair to assume that preparing for launch in India will contribute to this QRT's costs.

Revenue is scheduled to be flat 4th QRT F/Y 17 and is based on seasonality (I got the sense that this is very conservative and will be beaten). I think we can expect a decent ramp up in 1st QRT FY 18 with the launch in India."


I can appreciate why people are running to the exits though... this is a slow grind.