CFU 0.00% 0.4¢ ceramic fuel cells limited

Ann: Fund Raising - GBP 5 million , page-15

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 374 Posts.
    Actually Mojohand, what Bob says is:

    "No, it will be some time out. There are other funds that will hopefully come in to the company in probably the next 4 to 6 months".

    "We will obviously be coming out for additional funds at some stage, but the important thing here is that we will have then had a significant period of time to demonstrate that we can market and sell the Bluegen's into the selected countries, which is as I said the UK & Germany. It's a case of delivering now, and I'm confident that the team will be able to do that".

    So they had $3.7 at end of March, add in this $7.6 and another $5 million coming from the R&D Tax credit, which gets them to $16.3 Million. So barring any further disasters that's got to be good for at least 9 months without another raising, probably a year if they can deliver on the Units proposed in the Alliander and iPower deals. Bob said he's confident, I hope he's right.

 
watchlist Created with Sketch. Add CFU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.