slide 8 is a cracker
14 pretty good too.
does have a whiff of cap raise, but TBH I expected additional funds may be required. However, all they need is one order and a deposit made and they will get by - I think the are on the brink of executing a further true sale.
R&D expense will continue to be incurred as they work toward 1 tonne per day volume, after that, it should decline. Key to funding that R&D must be sales now.
Overall I like it, though I doubt it will boost the SP. Happy to keep accumulating
Ann: Corporate Update - October 2019, page-2
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