The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
With the environment CC are operating in, it is common sense that they should have a plan B regarding the future financing of working capital requirements. My take on recent RNSs is that CC are being more realistic and cautious with their announcements. In the past they have proven to be way too optimistic. Often not CCs fault, but frequently the result of national governments indecision and global political factors beyond their control.
"We are pleased to report that trading for the first quarter of 2019 has met CyanConnode's market expectations. In addition, the Board believes it has sufficient funds to execute its business plan for 2019 and reach cashflow breakeven ... "
Seawolf, I share your frustration, however I don't believe a change of BoD would be beneficial. The main problem, as I see it, is that CC are selling into a market dependent on Governments and their indecision and policy changes along with geopolitical factors re Iran. It appears that both in the UK and India these are behind us and it's all systems go.
Taken from Januarys Trading Update: "CyanConnode's 2019 business plan has been prudently built with the potential for material upgrades during the year. CyanConnode expects 2019 revenue to be significantly higher than 2018." .... Seems to support todays research note.