Long lead time items ordered can be a bit misleading. The biggest capex cost is the concrete followed by actual assembly/commissioning.
And these long lead items do not require too much by way of deposit, with the fabricators willing to take something of a punt in a number of cases (the more 'standard' stuff) knowing that there are plenty of buyers out there to assume AIM's position.
But no finance in place at this stage is bordering on lunacy. And the asylum gets a bit more usuage when you flick two of the four directors plus company secretary-no wonder the SP is heading south.
The MD now has even more question marks hanging over his generously proportioned cranium!LOL
Cheers,TAS
news is comming bring it on, page-9
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Last
34.5¢ |
Change
0.005(1.47%) |
Mkt cap ! $72.04M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.5¢ | $33.41K | 97.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13623 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 95973 | 1 |
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| AIM (ASX) Chart |