Steady Folks.
Trading halt ? IMHO there was nothing in that interview that we didn't already know.
My view of what Charles said from an investors point of view reading between the brief statements is:-
Charles talked about our factory that can produce 300,000 units a year and our distribution network and the fact that this year we raised the capital to establish a European distribution and technical support centre together with a bit more capital to offer extended terms.
When looking further into the future with his very positive outlook Charles foresees us one day (I didn't hear mention of next year) manufacturing more than 300,000 units a year. It seems that when that day comes they are talking about the possibilities of maybe not expanding the Chinese factory ( the Chinese workers will probably be earning more than the French by then ) but rather establishing the new factories in Europe and Asia. No concrete plans to do anything ( no need for a trading halt until binding contracts are established). When our big expansion day comes and they have concrete plans in place to build the next factory we will be distributing around 200,000 units a year, the share price will be mind boggling, and we won't need to raise any capital as we will be in a position to lease the factory from a Developer/Investor syndicate.
I see a very positive future with SS if the market falls in love with the product. There is a lot to love in the videos on the new web site.
Good to hear we have hired a PR firm to get editorial comment out in the market place, they certainly have a good story to promote.
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $50.18M |
Open | High | Low | Value | Volume |
11.0¢ | 12.0¢ | 11.0¢ | $9.777K | 86.27K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3923 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 256575 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 115000 | 0.072 |
1 | 50000 | 0.071 |
2 | 60000 | 0.070 |
1 | 15509 | 0.069 |
1 | 145671 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 80000 | 1 |
0.077 | 57665 | 1 |
0.078 | 38280 | 2 |
0.079 | 100000 | 1 |
0.080 | 219315 | 2 |
Last trade - 15.50pm 02/12/2024 (20 minute delay) ? |
VMT (ASX) Chart |