Yes, crushed on paper. Like I have previously said this should be a multi-year investment.
Guidance has been previously stated twice at 13m NPAT so that will be met but I doubt there will be any upside. They have previously stated upside of 4-8m but was changed to 0-8m to cover their asses. What I am more interested in is the forecasted balance sheet and will the NPAT be reflected in the cash flow.
It looks like there is a lot of selling pressure and I really hope it goes to 10c.
AZG Price at posting:
13.5¢ Sentiment: None Disclosure: Held