An announcement that says "New material multiyear contract is expected to exceed $30 Million sales in the first 4 years of production" is the equivalent of a mining update prior to a JORC announcement - highly speculative. The revenue flow would have to be back-ended given this is a new product launch and assumes this new brand will be successful in the Australian market.
I also expect from past performance that the statement "The board is pleased to be able to announce another major milestone in the implementation of its Corporate Strategy" means more money for the Directors .
I sense the market, and unfortunately the shareholders are being warmed up for a significant capital raising. I hope the shareholders are seeing a new AHF, but as a past shareholder I need to see proof and this announcement just does not have the substance to change my view.
I watch and wait.
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Last
2.8¢ |
Change
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Mkt cap ! $12.63M |
Open | High | Low | Value | Volume |
2.9¢ | 2.9¢ | 2.8¢ | $45.83K | 1.581M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 63348 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.9¢ | 63918 | 1 |
View Market Depth
No. | Vol. | Price($) |
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10 | 740876 | 0.125 |
10 | 545141 | 0.120 |
4 | 362511 | 0.115 |
7 | 208000 | 0.110 |
1 | 25000 | 0.100 |
Price($) | Vol. | No. |
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0.130 | 88114 | 3 |
0.135 | 253636 | 8 |
0.140 | 460127 | 9 |
0.145 | 165385 | 2 |
0.150 | 157451 | 5 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
AHF (ASX) Chart |