Thats quite a relief that the financials are positive. The company has to pay for shop fitout of George St and lots of fund being used in increasing stock levels. Jumbuck acquisition involved very little cash. I note Jumbuck products are not yet online or physically on the store shelves yet.
Plus more importantly AU Make is good for Australia on a number of fronts. Allows small local businesses access to big volume sales.
This Aust-Made arrangement is good for marketing and provides Chinese buyers with confidence "everything" they buy in Au Make store really is aussie made. That is an excellent move by the directors IMO.
There is talk of also opening a store in Hong Kong.
To hold for a long time could be better than a short term punt. Imho
Ann: Australian Made Alliance and Corporate Update, page-2
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.48M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $48.03K | 7.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 28127896 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 9773719 | 8 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| AUK (ASX) Chart |