SEA make Feltex look ok.. :-)
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An interesting article in the age today
http://www.theage.com.au/business/vi...29-gjxqrv.html
PAZ could well be extremely well placed with its upgrades to plant finished or all but, returning a profit and benefiting from a fallen dollar.
Annual report out
http://www.unlisted.co.nz/uPublic/un...cement_id=2721
The benefits of the upgrades are showing very nicely.
PharmaZen Limited is reporting a surplus before tax of $896,635on turnover of $7,083,991. This compares with a before tax surplus of $28,553 on turnover of $6,709,270 for the prior year.
Positive cashflow.Balance sheet remains in good shape.
Still using retained earnings and debt to grow the business,yet total equity of $7,945,937 easily supports total assets of $13,875,944.
"Expanding post drying operations.1100sqm factory has been leased on an adjoining site."
Hopefully the extraction plant commissioning will be in 3rd quarter of 2016.It will provide significant growth opportunities,particularly in the marine and botanical sectors.
Well someone else really liked the result.
145,000 traded yesterday at 5 cents.
800,000 traded this morning at 5.5 cents.
And this afternoon 500,000 traded at 6 cents.
Just when I thought the result was being ignored.??!!!!.lol.
Yes I think people are waking up to the fact that PAZ has done its groundwork and is a very well run company with products in demand worldwide.
http://www.sharetrader.co.nz/image/p...AASUVORK5CYII=
Any one here been buying PAZ.?
I note there have been some big volumes going through lately.
I have added to our holdings this year.
But wait there's more!!!!!!!!!!!!!!!!!!
Yesterday morning the buyer for 500,000 at 7 cents got his order filled.
2 minutes later they were back for another 500,000 at 7 cents.No joy.
And today we welcome a new bidder wanting 500,000 at 7.5 cents?
Let the fun start,as I am "well positioned."
Mark Stewart.???..lol.
May we extend a warm welcome to the buyer who wants 300,000 PAZ at 9 cents.
Pleasing to see an astute investor managed to buy 150,000 PAZ this morning at 9 cents.