Pure speculation but regards the cap raise and previous Ann, the investor presentation from Nov 2018 showed roughly 10-20 sales pipeline trials that were only 6-9 months from expected commercialisation.
Well it's 9 months since then and the plan was to increase to 100k cft production.
The final costings and installation plan was due for the end of July so CFO now know exactly what the next expansion stage will cost and apparently isn't wasting anytime getting on with it.
I am expecting a contract Ann with either OEM, tool manufacturer, navy update that underwrites the need for the expansion.
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