What a shockingly disappointing Quarterly to anyone who has been following this stock.
Record quarter in sales..... well it would want to be after sales fell previous quarter.
This stock is doomed in its current state. Admin and Staff Salaries running at 40% of "record sales"
Record Production still below break even and costs absolutely ballooning.
Loss for the quarter approaching 2m USD.
Whatever way you want to cut this - it is a long way to go for this story and with the market cap still elevated a long way to fall in share price.
No wonder they raised so much money
Ann: September 2016 Quarterly Report and Appendix 4C-YOW.AX, page-2
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