I don't think the production will be much of an issue as the base of the product is a fairly generally available formula that is then tweaked with proprietary IP, easily outsourced.
However I think that they could hit working capital constraints if things really took off & then may. need to seek some finance .
ZNO have approx $3m in the bank & have been very good at getting cash in advance from overseas distributors, however I doubt they would be able to do that with a deal such as the Turtlewax one or a similar one with a large well known company that is considered a low credit risk.
Chart, page-29
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Last
3.1¢ |
Change
0.003(10.7%) |
Mkt cap ! $6.625M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 3.2¢ | 2.8¢ | $18.64K | 613.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 45258 | 1 |
View Market Depth
| Last trade - 15.33pm 03/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
Change
0.003 ( 6.90 %) |
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| Open | High | Low | Volume | ||
| 2.8¢ | 3.1¢ | 2.8¢ | 235438 | ||
| Last updated 15.33pm 03/05/2024 ? | |||||
| ZNO (ASX) Chart |