That announcement goes back to August. Sounds great, product worth over $500m pa for 40% of Russian demand.
Please...where are the buyers if this thing is so good?
SLA getting very low on cash. Lucky to get through to the end of December without a successful capital raising or volume sales. We are putting a lot of faith in management to do the right thing here. Company capitalised at around $50m and probably some debt (I think) and less than $1m cash remaining.
If the above claims regarding production and demand are true then no problems. Orders have been coming for a year now and still waiting.
von.
SLA Price at posting:
23.1¢ Sentiment: None Disclosure: Held