Sounds reasonable to me.What they have done is cut the programs that were not going to make money due to regulations or not at an advanced enough stage.
C-vac is the main go and as mentioned in newsletter possibly they may aquire some other complimentary technology.
There is never anything wrong with cutting costs and getting the house in order.I appreciate they cut these now instead of another year down the track,That tells me straight away they are doing the best thing by shareholders and the company.
Granted -The story has panicked some today and yes we could go lower,However shareholder meeting next Friday i see as possitive and could very well spurr on some buying from these levels as people will most likely feel good after speaking directly to management.
Do agree most of the ones saying they are out will no doubt be back in at some point after they get there little 1 or 2 cents cheaper entry point.
Everyday we are getting closer to the end goal we all know that so this news today will mean nothing looking back in the rearvision mirror.
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Last
29.0¢ |
Change
0.020(7.41%) |
Mkt cap ! $421.8M |
Open | High | Low | Value | Volume |
27.5¢ | 29.5¢ | 27.0¢ | $1.138M | 3.985M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 63444 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 65000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 63444 | 0.285 |
4 | 117015 | 0.280 |
6 | 230290 | 0.275 |
11 | 813246 | 0.270 |
5 | 128795 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 65000 | 2 |
0.300 | 243878 | 7 |
0.305 | 187248 | 3 |
0.310 | 148973 | 5 |
0.315 | 120000 | 2 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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