Cash is still a focus moving forward, hoping that a combination of the following factors sees an improvement in December Cashflow towards the $2m outflow mark: - Ongoing cost cutting - Reduced staff numbers (56 this qtr - would have had entitlements to pay out of this Qtr cashflow) - Lower production costs - Strong Dec Qtr Sales last year (as opposed to weak Sept) - New NRW subsidy - UK FIT (albeit cash might not be received for orders received Dec 1) - New Chairman's influence in UK - Dedicated European focus and Sales force
I thought the SME also referred some of the Stadwerke, as they are local operators, not large power companies.
Not concerned who the clients are, the subsidy in NRW should see some progress, hopefully the other states follow suit!
CFU Price at posting:
8.0¢ Sentiment: LT Buy Disclosure: Held