I note that outgoings for the 1/4 were $496,000 which equates to 67.9c per delivery. Obviously with a new company in groundbreaking territory it is going to incur some high costs. With the huge growth being experienced this is to be expected and I note directors preparing holders for this to continue for at least the next two quarters. It is interesting to note the hint of a takeover approach from a multinational. With the two senior directors owning roughly 30% of the company, let us hope they are not tempted to cash in their too chips early in the company's development.
GSW Price at posting:
$1.08 Sentiment: Buy Disclosure: Held