last nights announcement, page-79

PT told me a few weeks back that the cash burn situation would be halted by the end of this financial year. Have a look at para 3 of the latest company update which says the same thing.

I'm not too concerned about the new plant item as its only a filter so not sure how difficult a process that can be but then again maybe i'm underestimating this issue.

However there is no reason why anyone would buy in now. we need;

1. the filter to be installed and production to hit a consistent 1,000t plus p.w.,
2. significant sales contracts for AL80 to be signed,
3. the technology issue resolved - the mkt does not like this overhang - and
4. some guidance provided on future US expansion and profit numbers.

Until then we may as well all go fishing.