CFU 0.00% 0.4¢ ceramic fuel cells limited

rgdkfirst up thanx very much for your excellent reportjust one...

  1. 14,089 Posts.
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    rgdk
    first up thanx very much for your excellent report

    just one issue

    "Cash-position,

    The company expects that the current cash will see them out for two years, by which time they expect to be cash-flow positive."

    was just looking at the cashflow statement and noticed that it cost about $14m a year for to operate the business

    2 x $7,366,377 (half year) = $14m


    they have raised about $10m

    cash and equivalents at the end of the half year is about $4.6m

    $10m + $4.6 = $14.6m

    as far as I can see they may only have enough to get them through one year, not two.


 
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