10 millon rasied at 25c
Were trading 26c currently
(bargin for public)
20c previous raise
20c is the lowest price we would see
Imo some 20c traders selling a 25c+ for small profits that will weed out in a few hours.
Wylie bay expansion seeded
Port lincoln expansion in R&D seeded
Huge infrastructure there and will be the flag ship if r&d goes to plan.
This company is expanding and rapidly.
No disease risk with wild abalone were can you go wrong.
Bad points
Future raise is possible.
IPO - Ocean Grown Abalone Limited, page-62
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