Motoben - the company does have some cash on hand, but from memory they have a cash burn of around $4-5 million a quarter.
So there is enough for Q1 2009 - but after that?
Although there is an economic value of $20.6 million tied up in investments, the value of this amount is much less if it had to be realised next week (a bit like the state of my portfolio at the moment, my losses are on paper only).
I think the company stated that delivery of the Nuon order could be undertaken from the Melbourne factory, allowing the building program for the German plant to be extended (or delayed).
I would also have thought that scaling up to commercial production would also require extra staffing and not less.
CFU Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held
