FLC 4.35% 8.8¢ fluence corporation limited

Ann: Fluence secures $20M Finance Facility, page-16

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  1. 1,019 Posts.
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    What great news this is!

    For weeks/months investors on here have posted regarding their justified concerns for the possibility of a CR if IC doesnt provide payment......then we got the positive cashflow news which partially allayed the fears. Well now we have been thrown a lifeline which allows FLC to continue to operate without a CR for additional months without receiving payment from IC.......

    As I understand that the work on which the IC payment is due is already done and it is more administrative issues that is delaying the payment (read Covid and border closures)........so hopefully the 4C can provide more insight into the expected receipt from IC.

    Once again, some hope for shareholders with this announcement; and the past few announcements have been positive. Support for the share price at these levels is evident, but FLC needs to maintain positive cashflow going forward. So we need additional contracts signed and IC to pay.

    imho
 
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