Member Info for DD77

Orslega, the customers will be on monthly invoicing so that ties in with 60-90 day terms

Payment terms are still likely to be significant on the remediation plant Helpful, regardless of Pemex. The going rate being in the region of 60-90 days. And I'd be surprised we get an RNS about it being complete this week, they don't have a track record of keeping on track

With you on that c45hm0ney. I think we'll still be haemorrhaging money which is my concern as we'll need another share placing just to cover working capital as no banks are willing to lend to us. The payment terms are likely to be long on the contracts at the remediation plant so we won't see any benefit from that for some time

By regs, I assume you mean rampers. It's frustrating that you can't have reasoned debate discussing key points without getting shouted down. It should be in everyone's interest to understand these facts

What we really need to know is what is the cash burn of the company and is SC now creating positive cash flow. All these other potential projects in MX require cash which I don't believe we have so will require further share placings which is the last thing we need. The last venture bidding in MX cost the company enough as it is. Unless some focus is given on core numbers, this share won't go anywhere, certainly not to serious investors given the track record

Mr Magic, I would like to know exactly those answers, as should any other reasoned investor as currently I think my investment has pretty much gone down the drain and have little hope of seeing any return.

Personally I would prefer for the company to use cash/increase debt to purchase zam hatch and chick. The company has made good efforts in reducing debt recently and yes this will take us back but the operational performance of the company is so much stronger that it should be able to continue reducing debt in the medium term. If they were going to issue a rights issue I would only want it to be a part measure, in addition to using cash. Overall the interim results seem very good and the rapid expansion of the retail side is particularly interesting and should have a positive impact

I'm with you on this and appreciate your comments, always good to get well reasoned discussion on a board