"Gladstone still exists" Is why their share price is collapsing. Fixed costs rising due to rent and labour. Revenues under pressure due to woeful market . Expected loss over a million. Nsw taken time to get up to speed with move to larger premises. Expected profit half a million
-1,000,000 +500,000 =$500,000 loss .
Company has indicated using existing funds to expand into South Australia in bear market period for resource stocks. Maybe they need to move Gladstone to South Australia? Bite the bullet, trouble is in a family company it would be hard to admit getting it wrong.
Any further falls in revenue at next update may see this stock back at 4cents. Happy to buy at that level. Reg
LBL Price at posting:
9.0¢ Sentiment: LT Sell Disclosure: Not Held
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