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So, did anyone see this retrace coming?......... Sorry, couldn't...

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Spec2Acc

168 Posts.

26/07/17

16:17

Post #: 26094234
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Originally posted by Spec2Acc ↑

Anyone else think the annual report might trigger a retrace? Growth seems to be continuing well (perhaps just behind forecast) judging by the 2m milestone but revenue vs cash burn isn't going to look pretty, I wonder if that might prompt a few people to question whether the SP has become a little bloated since the last big ann. Still think there's loads of potential here longer term but I personally think it might be close to $1 again before we see it close to $1.30, then if/when revenues increase or another big contract comes in we'll see it push higher again.

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So, did anyone see this retrace coming?......... Sorry, couldn't resist.

Looks like it might be back in the buy zone by next week.

GSW Price at posting: $1.02 Sentiment: None Disclosure: Not Held
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0 Great analysis

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