Nearly 2 years later... and my original 5 cent buy in price is approaching....I have now revised down to 3.5 cents... I don't think it will take another 2 years as the cash burn rate and more capital raisings and associated share dilution will expedite that process. Keeping in mind there is still an outstanding $1.5 million loan to be repaid late Jan 25 (repaid in cash or further share dilution at a lower share price??) which is secured by five rural properties and some equipment. (ref announcement 30 Jan 24) For existing shareholders I hope I'm wrong and there is a deal happening in the background that overrides my sentiment.
Add to My Watchlist
What is My Watchlist?
