Where to from here? Let's look at the September quarter and what...

Where to from here?

Let's look at the September quarter and what we can expect...

From the last quarterly..

* We have reduced operating costs and we expect cash outflow to reduce significantly in the September quarter.

* In June the Company had its highest sales month so far, delivering 42 units to customers. Payment for these sales is expected in the September quarter.

So we can expect reduced operating costs and an increase in receipts..

Now say the rights issue and overseas offer are at least as successful as the last offers (38% and 84% respectively) which is an optimistic assumption I know, but a reasonable. There is approx $7.74 million before associated costs. Don't forget $8.8 million at end of June Quarter. There's $16.5 million or thereabouts..

No doubt commercialisation is tough and we all would like to see CFU better positioned but we are not broke.

If we can finally get the large furnace issue resolved in August as predicted the situation will not look so bad... for the Sept quarter.