So all we really get out of this is a cost to start production.
*No timeline of when expect the site to be operational.
* Capital required to build the plant, the original estimate was 5-6 million, now it is 35 million
* Need 4x our market cap making cash raising very hard, how we paying - offtake agreement?
* No financial institution is going to fund this.
* No expected annual capacity of the production pipeline
My feeling about this is, it is a open ended announcement that has so many holes and question marks about it. It won't move the needle in terms of market confidence.
Overall, a weak announcement for 15 weeks waiting. Something that clarifies the above is required quickly especially as CFE are pan handling share placement to keep operating.
CFE Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
