I agree. 800k revenue from EMC is pathetic. If we see any...

I agree. 800k revenue from EMC is pathetic. If we see any selling from John Davidson then that is the clue that things are bad.

The reports should have some commentary on expected revenue from project milestones or something to that effect. All we hear about is the grants and the cash outflows (build cost for GIMG). CCE aren't doing garden island for charity, there should be a large payment due this month. Similarly MO mentioned that the with the Northam project they are both project developers (and will earn fees) as well as 50% equity owners in the resulting asset.

With all of the grants and payments due I don't think there should be any cashflow issues in the short term, but unless EMC actually sells something the medium terms revenue projections mentioned around last CR are a fantasy.