Production will be 70% of NEXT capacity of which some will be to replenish stocks. That sounds to me like quite low sales this quarter if they are only selling part of 70%.
I wouldn't be surprised to see a capital raising proposed before the next AGM to finance all the future growth plans.
Still confident that they are on the right track long term, but can see a bit of dilution ahead.
I am taking a breather for a while and moving over to some dividend stocks till the dust settles. I will renter further down the track, possibly at any potential capital raising.
Good luck to all.
Production will be 70% of NEXT capacity of which some will be to...
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Last
$6.06 |
Change
0.080(1.34%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $6.11 | $6.11 | $6.02 | $16.85M | 2.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26100 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.08 | 3000 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |