Just been reviewing this proposed 2,200m2 facility.
First the proposal requires $5.6m outlay, money which AEB does not have and apparently have not been able to raise.
And even if they did manage to raise the cash and fully fit out the facility, the expected production of 3,000kg per annum would not even produce enough revenue to cover AEB’s wages bill let alone cover all their other expenses, over $10m in expenses last financial year and that does not even allow for costs of production.
AEB Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
