Dyesol Receipts up 282% on PCP $2million Order Book in Hand...

Dyesol Receipts up 282% on PCP $2million Order Book in Hand Thursday 01st of Mar 07 02:08:56 pm

Notably during the quarter (MARCH 2007), Dyesol invested in new plant and equipment to accelerate scaling up of production of DSC dyes and pastes to meet growing customer demand. Expenditure on plant and equipment, and other costs, were in line with budget with cash at bank of $3.1 million at the end of the period.

While the value of the single order for several kilograms of ruthenium dyes is commercial-in-confidence, the directors of Dyesol believe it is sufficiently large to be considered material to Dyesol’s business.

360,000 Grant for Dyesol QUT Project Tuesday 29th of May 07 01:19:20 pm

Dyesol met the second milestone on Friday and is in a good position to meet the next agreed milestone. Each Milestone triggers a payment by Corus.

WITH A STRONG ORDER BOOK, THE GRANT RECEIVED, THE PAYMENT MADE BY CORUS AND THE SALE OF "SEVERAL KG OF DYE (WHICH SELL FOR ABOUT $260,000 A KG) , I CANT SEE HOW THERE WOULD BE A CAPITAL RAISING.