I agree. they have been using a strategy of setting high goals to boost price but then using all kinds of excuses (regulation, new industry, no one else selling, well the next one will be us, and so on and so on) when they miss. this type of business is clumpy, but we need a way to measure success, especially now with the two cornerstone investors completely gone and 70% gone.
if we believe the sales are coming and it's just a matter of time (that is that next year will be around $80-100m in sales but maybe shifted back 6 months) then this price is a bargain. price should go to $1 and above if they can pull that off. my worry is that they are just lying through their teeth buying time. I used to think it was paranoia but it's been nearly 3 years of the same story. at some point it is the truth.
if they don't hit the big sales and BT and a few other small ones work the company is probably still worth 15c, if a few of the big ones hit $1.50, so if you believe in these guys even 25% this stock should be around 40c.
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I agree. they have been using a strategy of setting high goals...
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Last
$1.57 |
Change
-0.450(22.3%) |
Mkt cap ! $1.311B |
Open | High | Low | Value | Volume |
$2.03 | $2.11 | $1.55 | $86.76M | 49.37M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 9593 | $1.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.58 | 6257 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 8342 | 1.575 |
6 | 80828 | 1.570 |
7 | 22987 | 1.565 |
13 | 122271 | 1.560 |
7 | 50678 | 1.555 |
Price($) | Vol. | No. |
---|---|---|
1.580 | 3741 | 2 |
1.585 | 12722 | 4 |
1.590 | 79215 | 7 |
1.595 | 34902 | 5 |
1.600 | 45571 | 12 |
Last trade - 12.38pm 17/07/2024 (20 minute delay) ? |
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DRO (ASX) Chart |