the ASX is definitely not down 50%. it's one thing to stay positive but another to ignore the obvious - share price has not performed
It can't possibly perform when you have leaders openly saying "go for broke", "don't care about profits". It's being run it like a startup rather than a $60-$100m revenue outfit in the ASX200 (for now). big high risk bets only result in majority of investors sitting on sidelines whilst encouraging gamblers and shorters onto the register
there is going to be at least a A$25m spend predominantly incurred in FY24 for a factory to support $500m revenue when revenue hasn't actually hit $100m/yr yet and there are no projections when $500m could be achieved.
the ASX is definitely not down 50%. it's one thing to stay...
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Last
$2.54 |
Change
-0.180(6.62%) |
Mkt cap ! $1.753B | |||
| Open | High | Low | Value | Volume |
| $2.62 | $2.65 | $2.53 | $4.356M | 1.685M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 29641 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 22158 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |