Positives: talk about orders "larger than ones and twos". Question is whether this is in tens, hundreds, or thousands? Big difference there in terms of impact on cashflow.
Negatives: it sounds like assembly of BlueGen units is happening exclusively in Australia. The German plant only produces the Gennex fuel cells. Needs new plant for scale up of BlueGen production?
IMO sounds like orders should be forthcoming (woo!) but alongside capital needed for new plants its likely that a capital raising is in the cards.
CFU Price at posting:
18.8¢ Sentiment: Hold Disclosure: Not Held
