How will they fund it?If I'm not mistaken, and please correct me if I am, the announcement on May 20 stated that;
"Today, the Company advises it has drawn AUD1 million under the arrangement on competitive commercial terms.
The loan facility is secured against future AusIndustry R&D Tax Incentive rebates.
The funds will be applied toward continued project work in India, upgrade activities at the Bacchus Marsh test facility and general working capital.
Managing Director, Ashley Moore, stated “The momentum behind our engineering activities in support of both our India project and upgrading of our local test facility is increasing, and this non-dilutive source of funding will support our drive to get these significant projects up and running.”
I think that they have learnt from last mistakes and they have got themselves in gear. Unfortunately, it is wait and see time. Apparentl, time heals all wounds. I live in hope!
How will they fund it?If I'm not mistaken, and please correct me...
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