Yep, the stock will continue to drift unless there are material commitments for hand sanitiser. 2 million or 4 million in current orders does not change the overall structure of FOD.
It is still primarily a juice company who is seeking additional opportunities...and so far so good.
But investors are not stupid. A couple of orders doesn't change much.
Having said this, if there was an announcement that FOD had gained commitments for circa $10m -$15m over the next 12 months then I would view this as material and then its a different ball game altogether.
I said it before on this thread (and got slapped down by many) that the sp will continue to drift until material orders arrive.
FOD needs orders, then we're on and up.
Yep, the stock will continue to drift unless there are material...
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $47.40M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $4.802K | 30.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 72525 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 232387 | 4 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| OJC (ASX) Chart |