NC6 9.52% 2.3¢ nanollose limited

@DoriansMirrorI've floated this with a couple of my investor...

  1. 24 Posts.
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    @DoriansMirror

    I've floated this with a couple of my investor mates, and between us the concerns we were thinking were:

    - Runway:
            The current spend to assets means that we could run out of money and need to go for a capital raise before sales. If that happens we'll have a devaluation. A lot of pro traders will be waiting to see if that's going to be the case, and buy after the devaluation so they maximise return.
    - Production Scale
           Right now, they're producing a very small amount, and getting the scale needs to be proved before any serious orders can come in. There's a big difference between a production line that can produce enough for a few hundred orders and one that can produce enough for 1% of The GAP's clothes. Until the production plant is actually operational, this is still a risk.
    - Long term Quality of fibre is still unknown (my guess)
           Purely guessing here, but I would say that big buyers need certainty of product, so even if Alfie's got the interest of the major players, they'd only be wanting to buy enough to test for a small run. Until they've had them in use for a little while and gained some certainty they're not going to be putting in any massive orders, so sales / market cap will depend on it.
           
 
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Last
2.3¢
Change
0.002(9.52%)
Mkt cap ! $3.956M
Open High Low Value Volume
2.1¢ 2.3¢ 2.1¢ $1.134K 51.86K

Buyers (Bids)

No. Vol. Price($)
1 496600 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 7500 1
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Last trade - 13.45pm 25/06/2024 (20 minute delay) ?
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