RE: Bid moving3 Jan 2019 10:25
In Q1 2019 defo
Volume has been consistently good over the last week's worth of trading days.
5m today already which is 5% of the company!
AF bought 3m at 5p and will want a decent return on that so it's 3 bags just to his b/e point!
Couple that with cost reductions and the $1.5m worth of contracts bagged in October (18/10/18 announcement)
Sales pipeline cleansed heavily and alot of the contracts won in Q3 so looks positive for Q4/Q1 19
"Whilst this has reduced the total value, there is a significant pipeline of qualified prospects for conversion over the next two quarters, sufficient to ensure the Company can trade at budget."