2021 accounts issued.
3 points immediately stand out.
Sircel signed a contract for BRP systems in 2021, where are the other 2 BRP systems going (apart from Villawood)?
Sircel need to spend another $14.45m for stages 2 & 3 at Villawood, what does that achieve?
Is that expenditure required to to get to 60 tonnes p.d processing capacity?
Setting up these plants, even after paying $8.5m for the BRP system , is not cheap!
No wonder they are negotiating a $40m loan facility.
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