The revenue at this stage is helpful, but hardly very significant - CFCL needs revenues an order of magnitude bigger to break even. The real concern for me is the cash burn. It looks to me like they have enough cash to last till mid-2012. The EWE order and Bluegen sales will help a bit here, but aren't going to provide $20m/year, so a lot rests on EON going ahead with an order in 2012 that's big enough to keep CFCL going without a raising.
CFU Price at posting:
13.2¢ Sentiment: LT Buy Disclosure: Held
