Sales continue to grow not insignificantly, expansion of the customer base locally and internationally, increasing Council participation, margins increasing. Costs appear to be increasing in line with expanded growth however likely a lag between increased production and sales revenue driving the negative cash flow? Could see improvements in cash as the increased sales and production improve on economies of scale for future quarters. Heading in the right direction, with low SOI, this could be a tightly coiled SP that could jump shortly, no CR imminent, ~$6m cash in hand - the stepping stones are in place. IMO we're almost there with the last we'll see of these SP's, so topping up still on the cards for me....
SES Price at posting:
3.6¢ Sentiment: Buy Disclosure: Held
