Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8

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Brewstex

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01/05/24

17:39

Post #: 73614425
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Originally posted by Andy Buck: ↑

THanks for sharing Daicos, I wasn't fully aware of the details so it was a great reference point for my own research.

I note the point about covering up to 50% of eligible expenditure, and compare that to the note in the quarterly below

Something doesn't add up to me, unless I am missing something? Where is the company going to come up with it's $14m to meet it's 50% requirement?

As others have said, application decision should be very close, let's hope its favourable and my points above are mute. Let's also hope it is disclosed to the market regardless of the outcome.

I was disappointed with the MoU section only stating the details of the MoU's, which the market was already aware of, with nothing being shared about work completed to date, visits from Saudi reps etc which have previously been mentioned. Again happy to be corrected?

Cash position being less than 2 quarters, so close to the recent CR, from which the SP hasn't recovered, is concerning.

Fingers crossed for a rabbit or two to be presented shortly.

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No you are correct from what I understand Andy.

Activities to be funded include pilot plants, feasibility studies, capacity expansions, scoping work for infrastructure upgrades and research and development (R&D) collaboration.

Most possibly they will need to fund the other 50% for the rest, pilot plant, capacity expansions etc... That's where Imo we will see the Saudi's enter the start of the project funding. Could be wrong but that's my take on it.

SRN Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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