I'm long the story. But 2 things. Its run by Chinese. Why is that a problem. Because every Chinese ASX stock is a dog.
The other thing is it relies on Chinese buying from Chinese. That's good, but there's 2 problems there. First is that Chinese do't trust Chinese when it comes to quality, use by dates and authenticity. The second point is that they will take their business up the street if they cam make an extra 5 cents. So the client base is not sticky
So price prediction at year end somewhere between 8 cents and $1.80
AU8 Price at posting:
45.0¢ Sentiment: None Disclosure: Not Held