-
Share
14/10/11
19:43
Share
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11003412
Not only are bloom behind us but also our other nemesis ceres power.
Preliminary results for the year ended 30 June 2011
Business highlights:
Robust new plan to achieve first generation product launch in H1 2014 (Fail, CFU will have been commercial for 3 years)
Global opportunity for Ceres CHP product remains substantial (To bad cash burn will sink you far before you can take advantage of that opportunity)
£26.7m in net cash and short-term investments at 30 June 2011 (Burnt out in 2 years at current rate)
I would love it if CFU took over their juicy British Gas contract
-