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Ann: Strategic EPC Cooperation Agreement, page-355

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mickloff

1,382 Posts.

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04/07/17

16:07

Post #: 25659330
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Originally posted by Floater ↑

I don't understand why there's so much talk of a CR... don't lose sight of the facts.

1. The options sold last year generated millions which would not have all been spent (hopefully) and that was to fund the 3rd plant.
2. The latest FNN Interview with Cedric he outright states the company is in a very good cash position.
3. If the talk of the Chinese is how it's reported here then they would strike an EPC (engineering, procurement and construction) deal that would include obviously those costs and some financial deal will be currently made re the profits.
4. They're currently producing and getting even pre-payment. They have outstanding orders to fulfill so an income albeit not as big as they want is heing generated.
5. Running costs are so low in comparison to Australian running costs so we can't compare apples with apples. They're continuing to employ all the time and expand operations there's no stoppage there so there must be a cash flow.

I can't see why it necessary to have a CR unless it was to acquire land and that's probably best done thru a bank or an investor.

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Re point 1.

Likely all gone apart from 600k

NSL Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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