So they are decommissioning sites already.
Much of their infrastructure is ageing and will incur big writedowns.
Additional $2mill rev increase from last Qu, comes from latest acquistion, so buying revenue increase is still the reality.
$40 m cash from latest CR
will get spent very quickly at this rate
Rev of $13 mill from the whole operation
$11 million of that gone in the quarter from staff and running costs
So around $44 mill annual running/staff costs alone.
MC is $270 million
Would a buyer pay anything near that?
Without profits anywhere on the horizon, this is a deadweight imo.
So they are decommissioning sites already. Much of their...
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $26.80M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 12.5¢ | 11.0¢ | $1.407K | 12.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93417 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 93985 | 3 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| SWP (ASX) Chart |