Im not entirely convinced that AnteoTech still doesn't need to...

Im not entirely convinced that AnteoTech still doesn't need to cough up $ in order to get the $ for $ matched funding.

From the latest CR docs, $3M of the $5M was to be allocated to CAPEX, prior to contributions of $2M from QIC and ARENA. They only got 810K so does that mean the $2M CAPEX from QIC and ARENA is now off the table? What about the remaining $3.38 Million?
Should the entire funding from Arena and QIC be under question?

The Queensland grant is meant to be an 18th month project with funding to be used to purchase equipment and upgrade facilities. Property Plant & Equipment expenditure for the last few 4c's has gone from 304K, 296K, 29K, 19K. Hopefully the money has already been spent and we're just waiting for reimbursement, and then another cheque for hitting 800 cycles @ 80% retention. The latest CR docs would suggest this is not the case.

The arena grant sounds pretty similar but includes a bit more detail regarding CAPEX:
"The ARENA funding will be used to fund new capital items to enhance the Company’s capability and capacity and include the design and construction and expansion of AnteoTech’s Brisbane facility to accommodate a small-scale industrial roll-to-roll (R2R) coating line, capable of mirroring conditions found in industrial and commercial like manufacturing settings"

A roll-to-roll (R2R) coating line doesn't seem very expensive. Maybe $200,000 for one with all the bells and whistles.

At the AGM DR said they were on track to hit 1,000 cycles at 80% retention by mid year. Surely then they have already hit 800 cycles? Which, if the case I would consider this market sensitive given both the QIC grant and the specific Gen1 project for consumer electronics. DR pulled back on this statement when questioned by Vijay so maybe it was incorrect from the get go.

Also, why present Ultranode at 70% retention when 80% is the industry threshold.

IMO theres a lot of questions to be answered, and answers to be questioned.




https://www.infinitypv.com/laboratory-roll-to-roll-coater

https://www.msesupplies.com/products/infinitypv-laboratory-roll-to-roll-coater-lr2rc1000-platform?variant=40685578780730&utm_source=google&utm_medium=cpc&adpos=&scid=scplpshopify_US_7352362369082_40685578780730&sc_intid=shopify_US_7352362369082_40685578780730&campaignid=20557420255&adgroupid=&keyword=&device=c&gad_source=1&gclid=CjwKCAjwnPS-BhBxEiwAZjMF0mOb7PvQHowYElCofFKiEFYwWXVH2nYEeAAPrZAz8nc-pM1O7QiBUxoC3_UQAvD_BwE