I don’t think they will get the $6m by just stating they need some additional working capital for projects. If they want investors to throw in more money they will need some definitive goals, timelines, commitments etc. There has been a lot of SPP cash raising over the years and so far there is very little in the way of future return on investment.
EIt is early days, but the announcement says we neeed more cash for working capital to achieve a profitability as soon as possible. Thats not good enough.... Are we really any closer to pulling a profit...
Ill need a lot more before i reach for my wallet.
CCE Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
