Not if their production isn’t actually generating profit. All the revenue in the world doesn’t mean much if they’re outweighed by the costs incurred.
One of Latimore’s Rolex’s could easily buy up everything in the buy depth to 10c in one go…if he wanted to…if he thought where this is currently trading was that worthwhile.
I think they have to do a consolidation in the next quarter to at least try to sway things even remotely back in the favour of retail shareholders IMO.
FY25, page-4
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Last
2.9¢ |
Change
-0.004(12.1%) |
Mkt cap ! $82.59M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.4¢ | 2.8¢ | $972.5K | 32.90M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1095947 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 505869 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| BCB (ASX) Chart |