WAS 0.00% 0.4¢ wasabi energy limited

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  1. 2,496 Posts.
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    not sure whether that was a wise move (ARW)???

    ARW have a customer base which appears to be expanding. WAS have no such thing!
    They have reduced staff costs and streamlined production and are ramping up production. All positives for ARW.
    With a few more improvements they should be able to achieve a cash positive flow of money.
    Many cost saving innovations out there re biodiesel production which did not exist a year ago.

    Admittedly they will now need to find a new financing alternative and very soon!! But then so does WAS!! At least with ARW they could have presented a working business model with a growing customer base.

    Very uncertain times for both companies so probably wise to tread warily!
 
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