In a March announcement they said “in the coming weeks”…..so I’m not reading too much into the delay as I think Cummins wont send anything unless he is 100% he will hit it. And if that means a delay then so be it.
The last bloke had a habit of doing the opposite so I prefer this approach no matter how frustrating it is waiting for the announcement
Whist we are down the volumes aren’t massive less than $200K traded so far – just some nervous investors edgy on not getting the announcement
Im not sure how bad things could be – no debt – clear out of cost base – audit issue resolved favourably - $20M in the bank.
It was only 8 weeks ago they gave a guidance of $10M EBITDA for H2 (asset sales to impact this by 50% or so)
So it’s a case of sit and wait
VET Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held