At the moment I feel Rm2 lacks direction. They seem to muddle from one disaster to another. If it's not slippy pallets then someone has the bright idea of letting the Chinese make the pallets! Surely the Chinese should have been making these pallets in the first place. They are also going to fall well short of production targets which would suggest that perhaps they had no market for these lost pallets. If they needed these pallets and had a market for them surely Canada could have ramped up… Read More
Yes production delays but long term key access to the chinese market, with a company that has a significant chinese government holding, annualised 5m pallets and a significant reduction in CPU. Definitely for the long term holders here...
I read somewhere target for 2016 was 2.6m so what "well short" means is anybody's guess although I suspect 500k at best with H3 2015 250k at best
The problem with RM2 will be cash flow as based on 2015 H1 they had $36m, plus September placing $45m ($81M )less cash burn July to end March 2016 $69m they will be down to $12m plus what ever revenue they received from deployment / sales over the last 8 months so if well short is really well short then based on H1 2015 we can only expect… Read More
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