Australia's largest stock trading and investment forum Australia's #1 stock forum

CRO

Click for more information

2.33%

8.8¢ cirralto limited

Ann: 2015 AGM Podcast, page-12

First 12 Last

Share
Profile

Follow
Catalogue

793 Posts.

9

08/12/15

07:10

Post #: 16565581
Share

Originally posted by BabyTurtles ↑

Yes and no mate. the reality is that at 5.5m market cap with no cash this is an expensive shell. Only two things can solve your issue:

1 - acquisition and consolidation with the new business being a huge success.
2 - Adrian and the team start to kick goals and the price moves on revenue.

Option 2 is obviously best but at 1c we are a 55m market cap company. Would probably need 5m to 10m in revenue per annul at least - with decent EBIT to get even close.

I think its gonna be a hard slog and suspect further capital raisings and from here. Will take years.... Good luck to us all!

Expand

From what you say then is there is only one option because option two will also have consolidation. Then the only difference really is find a new project or stay with what they have.

MOT Price at posting: 0.1¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ENV

Anteris Tech eyes US market liquidity with early-stage NASDAQ IPO paperwork

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 4 more messages in this thread...

First 12 Last

Add CRO (ASX) to my watchlist

SPONSORED BY