Ann: Annual Report, page-2

lets kick this off then.

this report looks good. the corner appears near.

Cash on hand minus outgoings appears around 1.6m. question then becomes how soon in 2022 will ran hit it's cash flow positive ambition.

a few things in the report give hope for sooner rather than later. also some conservative optimism on orders pipeline

odds on for another capital raise but also see a slight chance one not required. a little bit bigger buffer would be lovely. not sure upfront terms on any orders likely but do wonder about the cost of a raise (and its lukely size) vis a vis someone in the ownership structure steeping in in terms similar to the 400k.

does not appear to be a need for any addition plant requirements to meet expected volumes.

....tian might have moved on a little too early. lets hope this proves true.

gltah