I'd be interested to hear a compelling bull case for this stock that is actually going to move the needle on this one. Yes, they have well-rated products, a growing number of distribution points and a seemingly well-credentialed management team - BUT - the cost base is too simply too high.
The sale of the farm does little to address this - selling the farm for $10m while paying rent at 10% pa. is just an additional expensive line of credit that simply adds to ongoing costs.
Another cap raise this year wouldn't be surprising, adding to the massive recent dilution.
There was a comment in the BDO Auditor's report that the company was exploring offloading the Campbellfield - is this still in play?
I wouldn't mind knowing a bit more about the expected ROI on the $100k sponsorship of Grove Racing because paired with the farm sale, it seems like a bit of a cheeky piss-take
- Forums
- ASX - By Stock
- Ann: FY24 Q2 Quarterly Activities Report and Appendix 4C
I'd be interested to hear a compelling bull case for this stock...
Featured News
Add TSI (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
TSI (ASX) Chart |
Day chart unavailable
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online