I think the big issue is how long it takes to go through government procurement processes. From the latest announcement, things are moving in the right direction they just need to secure some orders to get the share price moving. If they can get the SP north of 40c again they should see the number of option conversions back on track (like last quarter before that cApital raise), hopefully enough to cover the cash burn until the proceeds from the orders starts to flow through.
It looks like the technology is much more advanced than there competition, and they have recently ramped up there salesforce with a few US based specialists that have lots of experience in US Military contracts.
If they can get a few orders in over the next 6 months they will be a nice little earner. If the orders don't come through they are going to go the way of metal storm..
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Last
72.0¢ |
Change
-0.035(4.64%) |
Mkt cap ! $1.116B |
Open | High | Low | Value | Volume |
75.0¢ | 77.0¢ | 71.0¢ | $5.480M | 7.497M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3399 | 71.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
72.0¢ | 51821 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 96937 | 1.250 |
11 | 101499 | 1.245 |
29 | 279659 | 1.240 |
5 | 87199 | 1.235 |
13 | 47812 | 1.230 |
Price($) | Vol. | No. |
---|---|---|
1.255 | 489 | 1 |
1.260 | 7500 | 1 |
1.265 | 11403 | 2 |
1.280 | 20756 | 2 |
1.285 | 62452 | 4 |
Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
DRO (ASX) Chart |