Think the other point hidden in the commentary. The headline -$3M loss did not look good given the sales. However the commentary indicated, removing some extra ordinary items (one off cost of capital raise & new plant installation which will also see some on H2 25) the nett loss EBITDA was only $0.17M. This is not far off being profitable
This is excellent news as indicates we only need a small increase in current sales run rate to move into a cash positive position. Having said that still need to secure these ongoing sales.
Cash position remains strong, particularly if we can make the next small step to become cash flow positive. .
AL3 Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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