A40 price action, page-360

I thought as much but these Accounts are pretty clear,even directors recognize that additional capital will need to be raised to fund operations as they have heavy outflows budgeted for next 12 months.

Looking at that loss and the loss from operations it clear as day imo even with a record quarter production being flagged - 155 tpa standing alone won’t bring in a meaningful profit imo...

Would be somewhat difficult for an offtaker to want to pay cash upfront unsecured when the business is totally
Mortgages imo - and besides the business will just have to lay it back later- definitely needs capital imo and even director recognise

Also Notes the write offs - following studies it was decided not to refurbish ya circuit as per original intention? - now it seems to be a new circuit- I think that is fundamentally different and will be more expensive than first thought?

Ajm Just did ssp and seemingly many have thrown money at it- gone from5-14 ml I think- hopefully if they go this way a40 will get same support...

Wonder if they will pump
It to lift evaporated average?

Good Luck - now the accounts are out I’ll wait to see what capital plans they come up
With- imo capital position needs to be sorted soon