Thanks for that. Not too much info in his email other than it being vaguely positive.
So, the spread is an issue. +/-20% if you buy or sell at market going by today. Also the likelihood that it might not have found a bottom yet due to how illiquid it is.
On the upside - 1 person could create a price floor if they wanted to due to the tiny volumes. Lol.
I may accumulate some small amounts at some point. There's no dividend and I dare say there might never be one, but the PE ratio is so low it's almost a joke. I'll see what the next announcement covers and make sure I'm comfortable with cash flow.
Wouldn't be too keen on getting stuck in this stock and then have another capital raising happen just so they can pay suppliers etc.
I don't know if I see it ever becoming 'big' but hey, if it keeps making more money in the future then it's kind of insanely good value right now.
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Thanks for that. Not too much info in his email other than it...
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