It certainly doesn't look good. Covid may well provide foz and co a convenient excuse for failure. Surely they have no hope of raising more capital now. Sure they have 4 quarters of capital available, but whats the point if they spend the next 4 quarters trying to reduce costs, and cant fund the plant anyway. Obviously there is still a chance of producing something, but at this point it would be the function of good luck rather than good management, as we have seen no proof of that to date. It will be interesting to see whether there is a play for the "assets " at some point, surely the Thomsons would want something to show for all their "investment". Whats worth more for foz and co, their current holdings, or maintaining their well paying jobs. I can't see how they can maintain both.
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