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3.45%

3.0¢ althea group holdings limited

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spyda

409 Posts.

10

06/03/19

15:12

Post #: 37673086
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Originally posted by dmaivn: ↑

I would be interested in how fast the company can get the production facility up and running. It will take a while to set up. I think it could take 2 more years to see production start in a trial mode. Its not easy to grow and invest into all the high tech extraction facility ... The supply chain is not here in Australia where one can just grow and outsource the extraction and packaging of cannabis products to another specialised company. As this company is importing and rebranding products, I hope it does not lose too much money in this process. I expect UK operation to be negative financially but hope they won't burn too much cash over there before Australian production is up and running in about 2 more years time.

I would worry more about this company has enough cash to run for a couple of years without trying to raise more capital.

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Interesting points dmaivn, 2020 is the expected date for production supply via the UK market so id say based on AGH's current ability to meet said targets they will hit this with time to spare.
Id like to think funding shouldn't be an issue if they can kick a few goals in the next 12 months, CAN raised $70 Million back in late 2017 / early 2018 with ease.

AGH Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
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Last 3.0¢		Change 0.001(3.45%)		Mkt cap ! $12.15M

Open	High	Low	Value	Volume
2.6¢	3.0¢	2.6¢	$18.20K	640.6K

Buyers (Bids)

No.	Vol.	Price($)
1	155860	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	842220	6

View Market Depth

No.	Vol.	Price($)
1	164	0.030
1	155860	0.028
1	118945	0.027
4	1070000	0.026
5	749560	0.025

Price($)	Vol.	No.
0.030	852220	7
0.031	688000	4
0.032	255661	2
0.033	274000	3
0.034	662300	3

Last trade - 16.10pm 11/07/2024 (20 minute delay)

AGH (ASX) Chart