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Valid points and I will be watching to see how close you are....

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Sailor1

2,244 Posts.

35

04/08/19

15:35

Post #: 39850680
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Originally posted by 22112215: ↑

Pure speculation but regards the cap raise and previous Ann, the investor presentation from Nov 2018 showed roughly 10-20 sales pipeline trials that were only 6-9 months from expected commercialisation.
Well it's 9 months since then and the plan was to increase to 100k cft production.
The final costings and installation plan was due for the end of July so CFO now know exactly what the next expansion stage will cost and apparently isn't wasting anytime getting on with it.
I am expecting a contract Ann with either OEM, tool manufacturer, navy update that underwrites the need for the expansion.

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Valid points and I will be watching to see how close you are. However, I'd be far more interested at this point to see a decision regarding their review of the ongoing "need" to list on ASX. That's critical IMO to all of us.

CFO Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
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