Top member reports
Consensus community valuation
$0.270
Average Intrinsic Value
50%
Undervalued by
Active Member Straws
#Business Model/Strategy
Last edited 3 weeks ago

CG1 getting recognition for their new phosphate cleaning AC with the DOE. Also doing 3 commercial pilots for the product in Florida. https://www.carbonxt.com/wp-content/uploads/2020/07/Prize-Award-Press-Release.pdf

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#ASX Announcements
Last edited 5 months ago

Less than a month after mangement "re-affirmed" their guidance for $24-29m now at the end of Feb they have backtracked to lower end of the guidance. There is still talk of new customers but no follow through.

As mentioned, in order to meet this gufiance they likely need to do two big quarters of $7-10m. Unless they are doing an LPE there is going to some positive annoucements with new customers and then a much better quarterly to come.

Doubts about management are starting to creep in.

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#Quarterly Report
Last edited 3 months ago

March 2020 Quarterly Report

https://www.asx.com.au/asxpdf/20200430/pdf/44hfr7gzljhz4p.pdf

Quarterly Cash Flow

https://www.asx.com.au/asxpdf/20200430/pdf/44hfr5l8t2jdzk.pdf
 

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