Ann: CFOAM December quarterly activites report, page-43

First 43 Last

Share
Profile

Follow
stocks_newbie

455 Posts.

8

02/02/18

19:51

Post #: 30783484
Share

Originally posted by skyscraper99 ↑

Igor spot on.

Lets look at some history here.
Back in June 2016 they raised money from us to increase production, and the famous debottlenecking.
Dec 16 they told us production was at 12k cubic foot and they want to increase to 30k.
They spent a lot of our money in Dec 16 on new machinery and upgrading existing machinery.
That was completed Jan 17.
Great I thought.
But instead of production increasing it decreased along with sales.
Along came Alain on his shiny white steed to fix this in June 17.
He told us he had to virtually halt production in July to fix things and this would effet the Sep result. OK fair enough.

They raised more money and got a govt grant.
So surely we could expect a better result in the Dec quarter, yes? No it decreased.

So how can we have producion at 12k in Dec 16 then spend a lot of our money in Dec 16/Jan 17 and have Alain improve things and still be at 6k cubic foot more than a year later.

Alain gave himself over 3 mill free shares on top of a good wage..
How can he justify over 3 mill free shares before any positive results.

The upcoming con call could be a recording of the last one with dates edited.
Maybe Silver could comment.

I was very supportive early on but when tge same excuses are used 2 quarterlies in a row there are problems.
Yes we know the plan but talk is cheap.
The plan was to increase production to 30k 18 months ago and it decreased after spending a lot of our money.

Who takes ownership of this, was the production on Dec 16 rubbish? The chairman and directors signed off on this, not just Placha

Expand

Apology if this is already mentioned and answered here before.
I keep CFO on my watch list and I just noticed recently the register.

Very few buyers left (3 atm) ?
Why there are no buyers below $0.210 ?

Thanks for any clarification.
And Good Luck to All Holder.

CFO Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

HotCopper Highlights: Your most watched stocks for Week 48, 2024

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

There are more pages in this discussion • 39 more messages in this thread...

First 43 Last

Add CFO (ASX) to my watchlist

Ann: CFOAM December quarterly activites report, page-43

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

HotCopper Highlights: Your most watched stocks for Week 48, 2024

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Featured News