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clock Created with Sketch. 28/02/24
11:04
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Originally posted by levelhead:
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LOVE THIS New technical data presented at the Advanced Automotive Battery Conference in San Diego demonstrated a10% performance improvement to a customers’ proprietary “high performance anode” through the addition ofAnteo X. Additionally, the use of Anteo X enabled a 15-fold reduction of an expensive inorganic material usedin the formulation, demonstrating a potential saving of up to US$500 per anode in an electric vehicle. As a resultof this presentation the Company received follow on enquiries from multiple EV manufacturers and global gigafactories. Potential workflows are being prioritised to meet the in-flow of interest. T HIS .... NOT SO MUCH! As the Group is currently loss making, the Group’s ability to continue to adopt the going concern assumption will depend upona number of matters including subsequent successful capital raises in the future and the successful sales and/orcommercialisation of the Group’s intellectual property and projects.The directors have concluded as a result of the requirement to raise funds in the future there exists a material uncertainty thatmay cast significant doubt regarding the Group's ability to continue as a going concern and therefore, the Group may beunable to realise their assets and discharge their liabilities in the normal course of business.
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i didnt like that so much either but Note 2 on page 11 kept me sane where the directors then state ‘the directors believe that the group will be able to continue as a going concern’ and then further reassuring information
(20min delay)