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0.2¢ cfoam limited

CFOAM winning the US DOE award alone shows the product is highly...

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Danielasx

66 Posts.

3

27/03/21

19:17

Post #: 52087421
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Originally posted by sylau90: ↑

And, another thing to consider is, would you upramping your production to meet an unforeseen demand of Cfoam or would sell your whatever Cfoam you have on hand first and then you upramp production?The major issue here is, how much Cfoam can you sell? Not how much Cfoam can you produce.

Just be realistic, the demand is not there. Year on year sales have dropped and at the same time, goods written off and inventory went up.

I know this is a spec stock and sales means nothing. But as simple as it is, a business need cash to run and you can't just keep burning cash. Hence, cap raise is inevitable.

I am just letting all the potential shareholders know that the opportunity is always there, if you want to take a bet why not wait for a cap raise and buy it at cheaper price.

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CFOAM winning the US DOE award alone shows the product is highly regarded and CONSOL ENERGY being involved also gives this stock great potential to move forward. Market sell off over the last week has caused this to drop 30%, fundamentally nothings changed.
CFO seeked liquidity at 1.6c and pushed higher forming an uptrend breaking the bearish pattern, needs to stay above the previous support and new highs may be tested depending on the CFO kiln process/manufacturing.

CFO Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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