@fedextreme and @FreeFromStyle - for your consideration...
The hard yards are done. The business is making the transition from pre-revenue to commercial operation:
Surprisingly, adoption in the US continues to be very enthusiastic with the product stocked at over 850 Walmart stores. Online sales are also channelled through Amazon and iHerb. Based on my expectation of positive operational cash flow, I've taken a strong position on this stock. The key risk is from the very low cash balance. It will be touch and go whether the company can turn the corner before the cash is gone. On the other hand, there is significant debt facility available that hasn't been touched yet. I'm hoping to avoid a CR at these prices.
@fedextreme and @FreeFromStyle - for your consideration...The...
Add NGS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.005M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $400 | 100K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2560243 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 327974 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.4¢ |
Change
0.000 ( 11.1 %) |
||||
| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 100000 | ||
| Last updated 11.02am 03/05/2024 ? | |||||
| NGS (ASX) Chart |