Read the subtext in the CEO's statement.
"It would not have an effect on 2023 results". This can only mean the costs of setting up a one off are barely offset by the revenues and the only way it makes sense is if a continuing permit to sell in the US is provided. I believe a2 may have made that a condition of their application. Now thats probably why A2 dragged their feet and as well increasing demand in China.
Deferral is not rejection! This looks like a pause whilst they clean house, page-42
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Last
$6.33 |
Change
-0.040(0.63%) |
Mkt cap ! $4.561B | |||
| Open | High | Low | Value | Volume |
| $6.33 | $6.52 | $6.19 | $15.25M | 2.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 14115 | $6.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.33 | 6163 | 5 |
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| Last trade - 15.09pm 08/10/2024 (20 minute delay) ? |
| A2M (ASX) Chart |