I thought the IPO cost was way too high to be honest. They could...

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Elsmicko

1,183 Posts.

167

07/06/21

21:54

Post #: 53701826
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Originally posted by All4Info: ↑

Good question, what is the opportunity cost - pretty low for me.

Reason to invest, backing my instincts, I was in on Lark @ $1.25 and topped up at $1.50 and $2.20 and still holding. Theory there was asset play on back of growing inventory. This is a different story - but I do expect them to have more matured stock on hand than EV by the end of next year so it will be asset backed by then (or much sooner if stock sells off further). Also on back of research ive read on TSI noted above.

Not without risk agreed - it is primarily execution risk.

Im only in on 10k shares. so its my smallest holding, and ill just wait for some buying support and a new base before doubling down on my ~$2 cost.

They have a plan, they know their market, they have capacity to support growth (if it comes... Hopefully more of a when it comes). Have management with some experience & track record, are located in one of the two most densely populated areas in the country (Melbourne) so a good market to roll out in. And, other than Lark, no other pure distillery stock on the market (some craft beers though, Good Drinks and Broo).

GL holders. DYOR.

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I thought the IPO cost was way too high to be honest. They could have gone half the price and still raised the same, and it would be on a lot more radars. Looks like the price is coming to more realistic levels now which should attract more.

TSI Price at posting: $1.80 Sentiment: None Disclosure: Not Held
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