The trouble is, we do not know what the capex and working capital required is, as against how much currently on hand. Surely the coy has to have some idea, but it is not being conveyed to shareholders or the market as it should. These trading halts continuously with funding uncertainty certainly is not helping the coy gain mainstream support which is the extra cream on the price.
Their financial capabilities of meeting the timeframe through to cash flow positive is risked. This is not good for Mr Market, and management needs to step up here with no smoke and mirrors to clear the uncertainty.
CDU Price at posting:
$4.17 Sentiment: Hold Disclosure: Held
