RE: SP15 Nov 2023 11:30
Agricore
You are never rude. Always considered and support your arguments with stats.
CMâs assertion of hysteria less considered but my wife may get along with him
My point is this stock moves on small volume
20,000,000 extra shares
Today 80k traded and down 6%
If 5% of the 20,000,000 want to sell then high teens is a possibility
The price is not reflective of value⌠never is I suppose whether positively or negatively
Highs of 145 plus when there was no news and lows of now when there is huge news everywhere
This is all about production
And then getting money in.
The company does enjoy a jam tomorrow feel and less what we have done today.
For example. If production was good in October you would like to hear a â1500 produced and tested in Octoberâ â1900 manufactured in Novemberâ so that we know the factory is churning whilst board members work on future proofing finance
Jan 2023 update
By 31 December 2022 the Company had shipped or received orders for 2,850 X-PLOR units with 1,226 units being shipped in 2022 (2021: 377). As at the year end, the Adjusted EBITDA1 loss is anticipated to be in line with market expectations and retained cash balances of $1.8 million, which together with inventory and inventory deposits, amounted to $11.9 million.Â
So 2850 doneâŚ. 1200 of which 2023
So 1650 units or so 2021
Revenue $1.54 million⌠on 1600 units⌠not profit⌠revenue
Financial Highlights:
¡ Group revenue of $1.54 million (2021: $0.42 million)
¡ Adjusted loss from operations of $6.2 million (2021: $4.2 million)
¡ Basic loss per share of $0.07 (2021: $0.06)
¡ Net Cash as at 31 December 2022 of $2.04 million
¡ Inventory and inventory deposits at 31 December 2022 of $10.8 million (2021: $1.8m)
Doesnât add up. Unless they reduced it 50%⌠which they stated that they did reduce first tranche
AnywayâŚ
The company has money. Has inventory. Hopefully useful inventory.
They just need to produce and sell and throw 10% at r&d for Discover-r+âŚ. The next modelđ
It is a few steps up a huge hill. ProductionâŚ. And sales are what drives this. All other good news flows freely. But not production and sales