People selling at these prices will be crying hysterically when company starts building the system 5 dairy on the premium land they own. You’ve got to remember this company only has 140m shares on issue with a market cap of only $5m. I would be flat out finding the worst listed company on the ASX about to go bankrupt with 10 billion shares on issue with a lower market cap than $5m.
A $25m market cap on global world standard system 5 dairy milking 3,000 cows per day for 50,000,000 litres of milk a year at 50 cents a litre would have the share price at 20 cents. If you put a price to earnings of 15:1 on $5m earnings you have a market cap of $50m to &100m with 15:1 being $75m. That would be a share price of 40 cents to 80 cents.
So if people want to sell me shares at 3.5 cent, be my guest and piss away the chance of a lifetime for impatience and a pittance.
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Mkt cap ! $5.173M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 28428 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.8¢ | 220852 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 28428 | 0.007 |
2 | 1999320 | 0.005 |
9 | 4993858 | 0.004 |
7 | 8225229 | 0.003 |
2 | 1700000 | 0.002 |
Price($) | Vol. | No. |
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0.008 | 220852 | 2 |
0.010 | 3077777 | 2 |
0.012 | 84001 | 1 |
0.019 | 2049812 | 1 |
0.020 | 18352 | 1 |
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