I know you're smarter than that comment - halve the net assets and you'd be right.
Capitalising "expenditure" and "Intangibles" (standard accounting practice of course)
Plant & Equipment
- comes close to $23M, all of which are worthless until revenue is generated.
But look at that Liability total - less than a 1M. That is impressive!
I'm a huge supporter of the company for it's future as an industry leader and look forward to seeing some revenue shortly, but I'm calling it a $23M company for now. Certainly explains the current share price and direction eh?
TC.
I know you're smarter than that comment - halve the net assets...
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Mkt cap ! $48.31M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $214.1K | 21.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 4639149 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 6165424 | 9 |
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| Last trade - 15.57pm 28/06/2024 (20 minute delay) ? |
| IXR (ASX) Chart |