I can live with burn. I can extract the 1 off costs too. But when a business has a margin of $1m on $9m sales, and THEN you have admin expenses, and salaries, and rent.
This company will be under 10 cents this year. I mean even if it grows revenue to $100m. Which I seriously doubt it can, its got $10m margin before opex. So what, maybe $2m or $3m on $100m revenue. Tops, tops its a 15 x company. So $45m. IF it increases revenue 10 times for 1000% revenue growth.
Never mind this is China, and all that means
AU8 Price at posting:
36.0¢ Sentiment: Sell Disclosure: Not Held