This is huge5 Dec 2023 12:11
On 29 November 2023, the Company announced that it expects to receive the full $800,000 due under the Contract in Q4 2023. Today, the Board anticipates that the Company will be able to exit the TSP process by the end of the year, thanks to its current cash balances and the anticipated cash receipts due ahead of the year end.
This suggests that the $1 million in cash excludes the $800,000 disclosed on 29 November 2023. The Company is likely keeping its powder dry as any good news would be wasted on traders right now.
A Tarana order is certainly expected, as it has been six months since the last one and the Company is known to be moving into mass production.