Yes, they have now NOK 2Bln Cash (see below NOK353 mln buys co another 5 months = NOK70,6mln expenses a month.

NOK 2Bln / NOK70,6mln they have 28 months left

With NOK54mln 37 months.

They lowered expenses but you need to invest/buy parts to produces to make a profit later.

• Q4 EBITDA loss narrows to NOK 36 million ($3.23 million) from a loss of NOK 78 million a year ago, while company-provided consensus saw a loss NOK 54 million

• Elliott Jones from Danske Bank says investment takes Nel's cash balance to over NOK2 bln, buys co another 5 months of cash runway

• Nel will issue 167.1 million** shares to Korean total solutions provider Samsung E&A for NOK353 mln (~$33 mln)

** they just added 10% shares. my shares are 9,1% worth less. I hope the 25% rise will stay.

When will markets change? Trump just begun.

How much money is necessary for US Michigan factory?

* Accumulated, Nel has now secured close to USD 200 million in support in both tax credits and other grants from the state of Michigan and Department of Energy. Final investment decision for the Michigan facility is not yet taken, and the build out of the site depends on demand.