As of Apr quarterly report, debt level is $19.4 mil and expected profit at $3.5.
I guess it will take around 5-6 years for the company to pay of its debt before it can return some money to its shareholders.
Alternatively, it can dilute the issued share to pay off the debt by issuing 194,000,000 shares at current price.
The guy at microequities is dodgy for recommending Strong Buy!
Good luck!
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.120M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 131578 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 150000 | 1 |
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| Last trade - 10.01am 29/07/2025 (20 minute delay) ? |
| CMO (ASX) Chart |
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