I take no pleasure from this and am not talking down a short position. Bulls need to spend a bit more time looking at what the company does and a bit less on what is said.
Zero price options stink. G&A is a multiple of production costs. Company will be back for a raise this quarter after a few bullish announcements on pipeline. I have no idea how good their product is - I expect few here do.
I agree that Defence and Middle East contracts take years not months. Defence in the 5 eyes generally pay their invoices on time. Certain middle eastern customers are notorious for not paying and renegotiating terms.
I take no pleasure from this and am not talking down a short...
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Last
$1.17 |
Change
-0.105(8.24%) |
Mkt cap ! $1.007B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.14 | $17.63M | 14.84M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 41174 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 115187 | 30 |
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| DRO (ASX) Chart |