1) No options taken up, including those at 5.5 cents. Enviromission must be concerned about working capital.
2) Valentia statement very vague. They say we expect to be " able to start the remittance processes for the initial portion very shortly:" There is nothing definite and no mention of dates other than mention of the 8th August letter which they have already failed to meet. Also the source of the money keeps changing.
3) SA Solar say "Our issues appear to be almost resolved and funds are close to transfer shortly". The words "almost" and "close" are a worry.
4) There is still the a million dollars (US) from the "Texas Solar Tower" sitting as "deferred income" on the Enviromission books, as per the preliminary 2016 financial report. But there has been no mention of it being received. It was expected by December 2015. As far as I know there has been no related ASX announcement since late 2015.
It will be an interesting 30th September. The annual report may make interesting reading.
EVM Price at posting:
10.0¢ Sentiment: Hold Disclosure: Not Held
