Has been very disappointing share price performance for the year. Despite the Agm bringing more positive news of increased sales, the threat they may have to raise is keeping the price down.
No improvement this month with copper still in the doldrums. Have got an extension on their loan from the ANZ but need an increase in the copper price to put a rocket under the share price.
In their AGM they have been confident enough to announce that they will pay 50% of normalised profits as dividends. Considering that their market capitalisation is only 3 times their operating cash flow should result in some good dividends coming up, and might give a bit of a lift to the share...
@debtfree ,Sorry about the lateness of my update, have gone bush again and only have internet now and again. Thanks for all your work keeping us in line.
Came out with a positive update this month which has provided a bit of momentum to the share price. Total FUA are up 30% helped along by the inclusion of onevue.
We got the update on growth this month, which was pretty good at 32%, however costs to get this growth has also gone up and they are still cash flow negative. They did predict they will be positive for fy25 so we might see a few better quarters ahead. Still going backwards in price.
Pocketed a 3 million dollar research grant which according to the quarterly will give them enough money to get results from the first human trials. Price holding pretty well.
Came out with their quarterly this month and seem to be keeping costs under control. Gold price increase is helping with Cracow being the shining light. Hasn't helped the share price much with the price drifting slightly lower.
My last time tipping this in the competition after the pathetic performance last month. They must have a heap of drill results in the pipeline so hopefully we get some good news this month.
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