You crack me up Bingo.
TLX is a $750m market cap stock that just raised $35m from a Chinese Pharma. UCM has a market cap of $25m. Sadly I do not own TLX but their management has gone to China and done a deal UCM never has, they have also attracted a lot of support with broker research and a very strong share register that continues to evolve. I know what horse I would have rather been on. As for your comment on cash burn, you have to spend money to make money and if you dick around you run the risk that someone beats you to market. Having management who can make sure they can fund the aggressive roll out is a big part of their role re a company in the concept stage.
The UCM share price action tells you that the market does not rate UCM management. They talk it up, the market sells down. The market does not believe them, the story does not excite them. The CEO has been there since day one and created no share holder value, in fact its been strongly negative since the IPO. If you do not look at the history, you do not get the full picture. There is no broker research on the company, why? Because there is no interest.
Don't mean they are right but that is how the majority of the market sees it. This ain't a game, its business and the share price is the score board.
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.759M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 374342 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 46000 | 1 |
View Market Depth
| Last trade - 10.00am 27/06/2025 (20 minute delay) ? |
| UCM (ASX) Chart |
Day chart unavailable