People selling at these prices will be crying hysterically when company starts building the system 5 dairy on the premium land they own. You’ve got to remember this company only has 140m shares on issue with a market cap of only $5m. I would be flat out finding the worst listed company on the ASX about to go bankrupt with 10 billion shares on issue with a lower market cap than $5m.
A $25m market cap on global world standard system 5 dairy milking 3,000 cows per day for 50,000,000 litres of milk a year at 50 cents a litre would have the share price at 20 cents. If you put a price to earnings of 15:1 on $5m earnings you have a market cap of $50m to &100m with 15:1 being $75m. That would be a share price of 40 cents to 80 cents.
So if people want to sell me shares at 3.5 cent, be my guest and piss away the chance of a lifetime for impatience and a pittance.
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.353M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $2.787K | 641.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1578315 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 104046 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1578315 | 0.004 |
9 | 5943900 | 0.003 |
9 | 4194121 | 0.002 |
3 | 1725024 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 104046 | 1 |
0.006 | 1445073 | 7 |
0.008 | 47234 | 2 |
0.009 | 3865826 | 1 |
0.010 | 500000 | 1 |
Last trade - 15.32pm 29/03/2024 (20 minute delay) ? |
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