I made a silly large purchase at 3.3c which has hurt my portfolio significantly, thus I have been closely monitoring CCP like a hawk. I feel fairly confident that BOD will steer this ship into the right direction, they are attracting some great customers and the recent JV has secured 2 federal prisons - this is significantly understated IMO. Likewise they just secured Maters Private Hospital in New South Wales.
Looking at the 2nd Gen smart tags now doing Ph and DO monitoring goes to show the technology is easily scalable and they have the expertise in-house to customize solutions to fit customer needs. Interestingly one of their new clients 'Robert Gordon' is a pottery business.
This really opens up significant different market opportunities.
CCP planning to manufacture an additional 5,000 smart tags, that's an extra $900k pa in revenue if they sell them all.
They were planning a POC trail for cold shipment monitoring for a major supermarket chain but due to lack of news on this, I suspect they did not win the tender.
I think the sell down is due to the short cash holdings and spending is a bit too high.
CR announcement I suspect after the JV details are announced in the next couple weeks.
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