Up to 81c....280m shares on issue = $226m market cap and they haven't got their factory going yet. Mind you $226mcap - $80m cash = $140m EV. Not sure what Ceres' EV actually is - anyone looked at their balance sheet? Lots of work still to be done. Perhaps if they get to $1 it'll be worth lightening up a bit, wait for the inevitable boredom period that'll see the shares languish and then lap 'em up again.
Anyone know of any UK sharemarket chat boards?
CFU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
