No, almost the exact detail re risks was highlight in the half year report from last year. If anything this report has removed some of the more concerning comments. Specifically in the auditors report at the end, they have removed the language "and therefore, the consolidated entity may be unable to realise its assets and discharge its liabilities in the normal course of business and at the amounts stated in the financial report" re concerns around being a going concern.
Its small I know, but given the language in their opinion is identical otherwise, it is "somewhat" positive.
I'd encourage you to review the two reports side by side.
Having said that.... they need sales.
34,000 of the current 40,000 in sales is effectively guaranteed through take-or-pay contracts, so there is material upside and immaterial downside IMO to the current sales levels. But, still need increases sales to increase cash flows...
IEC Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held