On point two I meant the total expenses for all employees which according to page 58 is 1,127,979. When it was reported that the company had 3.5 million in the bank I assumed it was going towards the scheduled BM upgrades, more than assumed we were told.
Funds raised to be prioritised towards:
- India Integrated Demonstration Plant
- Bacchus Marsh High Volume Test Facility (HVTF) – Stage 3 upgrades
- Latrobe Valley (LV) Coldry Project – Feasibility Program
Apparently it hasn't because those upgrades are still in planning yet 3 million in cash has disappeared. If the company only generates 1.5 million from the ELF where is the rest coming from? R and D rebates, but as it says that money was for the overseas project. This leads me to be suspicious of the amount of detail the company has put in for capital raising in the proxy form.
Ann: Annual Report to shareholders, page-28
-
- There are more pages in this discussion • 72 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ECT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $11.10M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $419 | 127.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 19761726 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 12532403 | 23 |
View Market Depth
| Last trade - 15.43pm 15/07/2024 (20 minute delay) ? |
| ECT (ASX) Chart |