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Bullboard - Stock Discussion Forum Cielo Waste Solutions Corp. V.CMC

Alternate Symbol(s):  V.CMC.W | CWSFF

Energy Oil & Gas Refining & Marketing
Cielo Waste Solutions Corp. is a Canada-based waste-to-fuel environmental technology company. The Company's business model is to source waste feedstock from industrial producers and other suppliers and convert the feedstock into valuable fuels. The Company's Thermal Catalytic Depolymerization (TCD) process converts waste feedstocks, including plastics, rubber, organic material, and wood... see more

TSXV:CMC - Post Discussion

Cielo Waste Solutions Corp. > Interesting Spec Play - How Much Cash in the Till?
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Post by Bookworm28 on Oct 06, 2021 9:21am

Interesting Spec Play - How Much Cash in the Till?

This is an interesting spec play. Love the bounce from the lows. Does anyone know how much cash they have in the till? They're July 31 financials = 14mm cash - 11.3mm c/l = 2.7mm. Then they raised (net) 3.4mm in aug... so maybe 6.1mm, less a burn rate of 1mm a month for the last 2 months = $4mm? What y'all think?
Comment by ShannonWM on Oct 06, 2021 9:37am
Sounds about right. Will be irrevelent soon once production is announced.  Webcast said they were already running desulfurization (end product being diesel fuel) so can't imagine they can keep producing without running out of storage room, hence sell and revenue very soon.  This is what I expect.
Cielo Waste Solutions Corp.
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