Well I didn't expect to see another presentation so quickly.
Good to see them actually stating the cash figure (16th March), compared to the previous one. So $6.1mill, enough just to get to the EDEO options expiry without much sales and no Noble injection from TASO conversions. Obviously any sales and Noble injection will project the timeline days/weeks/months forward depending on $$$ amounts.
Page 25... an interesting chart has risen. So we have always been on the low down that Edencrete is sold at $25 a gallon, apart from when it was first introduced to potential customer that it would be sold at $18. So lets have a look at the chart in a bit more detail.
FY16 - Approx $22,500 revenue, sale of approx 900 gallons. = $25.00 p/g
FY17 - Approx $188,000 revenue, sale of approx 7,800 gallons = $24.00 p/g
1H18 - Approx $280,000 revenue, sale of approx 14,000 gallons = $20.00 p/g
So has the price already changed and we haven't really been notified. Yes we are aware that they are making the High Concentrate mixture at a ~20% discount (which would be $40 per gallon / equivalent to 2gallons). But wasn't this currently under testing? Considering these figures are for the whole of Jul-Dec '17 in the same time we have been told it is in the testing phase. Guess the testing phase is reality now?
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