RE: Cash Burn an Issue...2guys, can you read ?
They are fully funded for all activities thru to Oct of this year and expect that addiitonal grants will be rec'd over the next feww months to fund them thru to the end of the fiscal year, when the funding grants are renewed for 2012.
The DOE residual grant of $28.5 million is conditional on a 30 % external investment but that where the JV partner comes in...........most likley Metso.
Management are not even considering a equity raise, as there is no need.