This is a good time to take some profit if you have a low entry. Like say about $0.05.
All will be revealed in a month in the 4C but a good February sales wise ($471k) is all well and good but seems to be pointing to Rev of about $1.3m for the Quarter.
Cost of production across the last 4 quarters averages 35% of Revenue. Could be worse because they'll be buying for the new work as well. Add Staff Costs @ 4 quarter average of 70% of Revenue (no Covid generosity this quarter) and Corp Costs of about 15% of Revenue so CF- to the tune of -$300k to -$400k.
Will see in a month but I don't begrudge anyone taking a profit if they have one.
SP3 Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
