RB,
Irrespective of how much is 'pumped' into the development of PrIME - it has NO VALUE until such time as it is up and running! If it did have a perceived value now it would be reflected in the share price!
It needs to be an operating entity before a real value can be put on the operation.
We have until Feb/Mar next year for the directors to get some runs on the board and some confidence back to the shareholders. At the moment the confidence is dismal.
Every time they make an announcement another time line seems to change and you come out with a great support statement which is a result of your obvious confidence on how we might seem to be moving forward.
We need to see improved PROFITABLE sales in all other areas in the interim period to support excitable previous statements made by the directors on forecast sales in all other areas.
Value emerges from consistent profitable sales.
Don't forget, this is not a seasonal business and should be showing consistent positive growth - not erratic sales with erratic profit attached to it.
We have not seen consistent profit from any of the various sales departments.
Have you asked JM any questions yet that have been raised here - and if so, have you had any response.
I still do NOT believe that all the issues raised by Bird Cameron with ASIC have been satisfactorily responded to by NuSep - even though JM says they have. Because ASIC have refused to confirm that no issues are outstanding!
Regards............
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Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
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1 | 14090 | 0.022 |
3 | 497619 | 0.021 |
5 | 649700 | 0.020 |
2 | 130000 | 0.018 |
Price($) | Vol. | No. |
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0.037 | 18526 | 1 |
0.039 | 1200000 | 1 |
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