Frankly, after seeing the shipping costs some months ago I bailed out of E25. I knew what was coming, and I'm afraid that there isn't any hope for much better in the medium term.
The production costs are huge also, and frankly the staff and admin costs blow E25 out of the water.
$1.5 million in one quarter. I can see more problems on this front too.
If E25 breaks even in 12 months time I'll be surprised.
Ann: Quarterly Activities Report, page-16
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