You are quite right, and it's the reason the shares have drifted back to the fifties from over a dollar. The fifties? A year ago it seemed inconceivable with all the potential.
Despite this, it's now back in my top three holdings following the drop below 50c. Am I a sucker or is it just that it's taken longer to develop the business?
I keep coming back to the product potential. If it was a dollar a share I'd be more sceptical, but it seems to me the market price (decline) has kept apace with the lack of revenue to date. Sounds like they have at least two excellent products and I'm thinking management are too shrewd to sell the technology too cheaply.
While it's nice to know they are building agent selling, a serious international licensing deal with with a global chemicals company will probably be the catalyst for the move back over $1 a share. IMO.,
You are quite right, and it's the reason the shares have drifted...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.10M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1521071 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1250000 | 1 |
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| Last trade - 09.59am 03/07/2025 (20 minute delay) ? |
| AJX (ASX) Chart |
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