Great find, do you work in the industry? Odd trade journal to be...

Great find, do you work in the industry? Odd trade journal to be reading or was it a good google search.

I tend to think the former given the quality of your other posts.

Their cash position is looking very low given their lack of cashflow. They spent about 5.6m in the last quarter on capital equipment so maybe they have already purchased the additional equipment required and what the cap raise was for, I don't quite remember when the timing of the cap raising was in relationship with commissioning of the plant.

Otherwise I would expect a further cap raise depending on the revenue figures if they need extra equipment unless they can get further project debt financing.

Hard to build a position in this given the market depth, happy to sit and wait for the market to come to me as I have a decent position already for me.