CFO 0.00% 0.2¢ cfoam limited

best sleeper on asx follow the doc, page-100

  1. 1,434 Posts.
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    What is this? Lol

    sell the stockpile of coal?

    buddy, you needed to understand how the value chain works mate.

    It is all about value added product. Cfoam is a value added product, if it is really that great and much needed. There shouldn't be any issue raising the price since our buyer is Nasa and some big corps.

    If you sell the stockpile of coal now if we have any, how you going to meet the current customer order? You have no coal to produce cfoam. And how do you know when the coal price will come back down?

    The money has already gone out to get the kiln running, do we just let it sit there and wait for the coal price to come back down? Kiln still needs routine maintenance and checking if not running.

    at the end of the day, it is all about the credibility and project management capability of the management team. Obviously they didn't deliver. It is not a question of whether now it is a good time to get the kiln up and running. It is the question of whether the kiln is up and ready. Obviously it is not up and running here since it is October now and no update.

    Last edited by sylau90: 04/10/21
 
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