It might sound a bit rough but the reality is the SP does not lie. It is a barometer of success (or not) and it languishes after all the recent announcements. That tells me that the broader investment community have no confidence in Mr MO and do not believe that success is around the corner.
Recent announcements say " ...........has awarded and in principle approval to negotiate a 25 ha lease.......". Not exactly a "contract". Like a number of previous announcements over the last several years it might amount to nought.
The days of relying on Tax Refunds, R & D monies, and borrowings , and rattling the tin are almost over.
Until the company can stand on its own 2 feet and make a real trading profit the SP will not go anywhere , which means investors will not buy in big.
After all , isn't that the reason we invest ??
I would love to be proven wrong. !
CCE Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
