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Tricky2020

1,225 Posts.

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16/11/19

09:22

Post #: 41460205
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Originally posted by Dentie: ↑

"I hope we are still targeting $100m in revenue over 7 years just from US sales. That was announced in 2017 so would seem only 5 years to go. I have never seen them say this target has changed".
Oh Tricky, now you are making me real nervous saying that...

There seems to be a direct correlation with exactly what PEB said quite a few years ago now...and they still haven't banked even $10m from the US operation as yet.

I'm afraid the US is a shared nemesis and, IMO, we should not have gone there until we could fund it from our own generated capital (ie - retained earnings). Some might argue that is too slow a method but I would argue "maybe, but the growth would be more authentic, more affordable and more chance of being successful".

Expand

We will see. With the amount that’s happening in parallel I’m firmly of the opinion at least the first few bags will play out in the coming months rather than years.

Just amusing myself self in the meantime

CDY Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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