Plukka's share price hits 0.6 cents for a market cap slightly more than $1 million. Based on last March App4(c) estimated $1.332 million cash spend for June quarter, it's now priced at about an 20% to 30% discount to estimated residual cash (assuming sales revenue offset by drawdown on the $A1.33 Trellis drawdown facility).
Shareholder wealth destruction since $0.20 IPO about 19 months ago: 99.97%. Way to go! Ooi! Ooi! Ooi!
PKA Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held