Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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I can only apologise to all of you that nothing seems to be happening as forecasted. I have pinged Richard again to see if I can have a update on the timing plan today. I will keep you all updated if I get anything back but I do expect in this case that no news is good news. Mainly due to compromising the BOD of third position.
Fingers crossed all and hopefully it won’t be long now ??
the wait continues. In the meantime i was reading corn production in China is much improved on last year so potentially helpful to ensure input costs of Ethanol maximise margin.
http://www.ethanolproducer.com/articles/18567/usda-maintains-2021-undefined22-forecast-for-corn-use-in-ethanol
“Foreign corn production for 2021-’22 is forecast higher when compared to last month, with increases for China and Argentina more than offsetting reductions for Russia and Serbia. China corn production is raised with a boost in yield prospects, based mostly on near to above normal rainfall in the key Northeast provinces of Heilongjiang, Jilin, Inner Mongolia and Liaoning. Argentina corn production is raised based on expectations of higher area.”
Also India is rapaciously expanding E10 and E20
https://www.business-standard.com/article/economy-policy/india-s-fuel-ethanol-consumption-to-rise-to-meet-e20-target-fitch-121092100754_1.html
and if our contract with a PR company in India is correct and not something else then surely we should be winning a lot of business in India. Really hope that investigation finds a PR agency on the end of that contract and not something else. Beats me as i cant find a single PR article anywhere on this world for CNEL but we have 2-3 PR related contracts running.
He did indeed Ben
Let’s hope he’s right, did he tell you direct?
Richard Bennett has said that the DLA will have the draft ready early next week so they will be issuing a timetable shortly ??
The 17th is upon us Rustyrat so we can hope CNEL respond with what is required by HKex and get something moving. This was the last week of interviews according to Ivy so we should be due something as we are missing signing off the final results and now the interims and we have over $32m of retained profits for distribution to shareholders so this is crazy that they are not looking to release some of this at some point, even a token $2m would not go amiss to long suffering shareholders and have no impact at all on the company. For a company telling us how much they want to get back to listing on the HKex they certainly seem to be taking their time as we are heading for 6 months of silence. only comfort is underlying business is the same and must be clearly benefiting massively from the rise in Ethanol prices and global shift to E10 but come on CNEL give us shareholders something please, just not the latest Yoga news.
Rustyrat1970 - thanks for the update - I have written these off - so anything would be a bonus. Lessons learned on this co/share
GLAH
On the back of my previous update i have just been in touch with Richard again and asked if we are progreesing as planned and do we have forecast date for completion.
Richard has resonded quite briefly with " They have to respond to HKEX by the 17th" . Hopefully we know the deadline and the BOD are working to this, so we should hear something soon. Fingers crossed fellow Investors, keep the faith.