Very Harsh. You have a lot of up and coming hopefuls that make pittance and yet have a higher market capital. The difference between this year and last year is that the larger money is being earnt toward the end of the year, indicating hopefully a reversal in the downward trend; it will be interesting to see if the final quarter produces some kind of small profit when taking into account they estimated costs for the quarter around $1.2 mill (but then including the cost for buying inventory). Given all the one of costs incurred this year, there's a much higher chance of breaking even or booking a small profit next year. They are heading in the right direction and given their announcement, it seems the demand is there but the ability to raise funds to ignite/speed up the curve has been difficult due to the punishing nature of the market as of late. I'd be very surprised if they closed shop given that, as a last resort, they do have the debt facility available to them.
EN1 Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
