I'm glad you are finally seeing what quite a few us have been highlighting through our detailed analysis of the financial reports leading up to this. This report is a catastrophe - despite the injection of over $7M, net assets have gone down over the 12 months. And the $1.5 cash-on-hand as of EOFY is now closer to $0.5M.
On the surface, the operating loss improved buy $13M, but nearly all of that is buried in Impairment of Assets. This is a one-off - they can't magically pull this one one this financial year.
Interestingly, revenue is about the same, but material cost has gone up over 40%. How does this even happen?
No auditor would think to sign this off as a going-concern
I'm glad you are finally seeing what quite a few us have been...
Add OLI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.933M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 700000 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 199988 | 2 |
View Market Depth
| Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
| OLI (ASX) Chart |
Day chart unavailable