RE: The Way Ahead........CC ' Made in India' - the bigger picture.25 Jan 2023 23:00
Good evening Pedro, sorry I missed you earlier.
As far as the purchasing of essential components are concerned, I view this as being pro-active, rather than re-active. And if a Trading Update comes at a later date, then so-be-it. But as I mentioned earlier, there is enough information there that indicates progress for me.
There are also some other useful indicators within the 23rd January, 2023 Placing and Subscription RNS, on how the funding will be used.
From the RNS:-
" Use of Proceeds:
" The company contiues to go through a period of significant growth and in order to maintain momentum and enable further expansion, will use the net proceeds of the fundraising to:
- Strengthen CyanConnode's balance sheet, to give confidence to the Company's customers;
- Purchase essential components to ensure Omnimesh modules are manufactured and delivered on time;
- Scale-up production to ensure deployment of existing and future contracts;
- Support Indian partners, where required, in the tender process;
- Invest in product development to maintain CyanConnode's leadership position in key markets.
Seems like a comprehensive and well thought out plan, to me.
Good luck, Pedro.
LTI.