Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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DrM Sorry to disabuse you of your belief. I bought into RMS November last year, still holding.
As I thought! Plonker (Pimmel)
Scaden, you sound like a german ****e! Auf Wiedersehen pet.....filtered
Micho - do you even know what "filtered" means? You try to make it sound like a punishment when it doesn't affect anyone, except you! Plonker!
As I've posted before:
From the 18 January RNS it states: "Assuming that commissioning proceeds as expected, the Company is working towards producing between 0.3m and 0.5m masks before the end of January; before scaling up production to commercial levels in February and March."
From the 18 February RNS it states: "As previously announced the maximum production capacity of the machine was expected to be around 5 million masks per month, based on the machine being operated for 24 hours per day and 7 days per week. The current production rate is significantly below these levels and the commissioning process has identified a number of issues that need to be resolved over the coming weeks in order to improve the machine's productive capacity."
So, we knew back in January the machine would only be producing between 300,000 - 500,000 masks before "scaling up production to commercial levels" & note 'commercial levels' not the maximum 5 million that had been quoted before.
I hope it is number 2. You just missed finalised. I believe that is what we are awaiting
Dr Micho, you can filter me but you cant filter the facts and the facts have been issued by RMS by RNS. Draw your own conclusions and say what they are but please support with evidence.
Grayem you have just joined unitedgay in the bin for not being able to spell your own name correctly...
Unitedguy, i dont have time for you and your utter rubbish.... not shocked that the 3 senarios fit in with your short you bulb....bye, dont reply fella youre filtered....
Gray
What a load of utter crap!!!!!!!
Get back to GDR and try and ramp that up again.
Don't have a spat, please look at the facts issued by the company by RNS then maybe come to some conclusions
As a matter of FACT the RNS 18th Feb “Update on commissioning of mask making machine
As previously announced the maximum production capacity of the machine was expected to be around 5 million masks per month, based on the machine being operated for 24 hours per day and 7 days per week. The current production rate is significantly below these levels and the commissioning process has identified a number of issues that need to be resolved over the coming weeks in order to improve the machine's productive capacity. The Company is in discussions regarding the appointment of an independent adviser to assist P2F with the development of the production facility, including building up the production team to operate a single shift and enabling a gradual increase from the current limited level of production to commence, and to undertake a review of the best routes for exploiting the anti-viral mask technology. This is expected to be confirmed in the near future. The Company will provide further updates as it progresses these goals in due course.”
Then on 4th March
“P2F is in discussions with Lemu Group, the manufacturer of the mask making machine, regarding mechanical issues that need to be resolved before the machine at BioCity can be considered to be fully commissioned. The Company has agreed to appoint Egremont Capital Limited ("Egremont") as an independent advisor for the next three months to assist with development of P2F's production capabilities. Jonathan Hall, Egremont's founder, has a background in production manufacturing, in addition to Egremont's expertise as a corporate advisor. In addition to a monthly fee, Egremont may be issued with up to 500,000 new ordinary shares dependent on achieving certain production milestones. In addition, a line manager has been recruited at BioCity to strengthen the production team.
Antony Legge, Executive Chairman of RMS, said; "We are very pleased to update the market with the positive developments achieved by the P2F team. Whilst a number of issues remain with the machine at BioCity, the purchase order with Volz coupled with the intentions by both parties to enter into a more formal outsourced manufacturing agreement, means P2F can commence sales with confidence as we anticipate a continuing market need for P2F's proprietary a-virion material, notwithstanding the progress of various national Covid-19 vaccination programmes."
NOW 6 WEEKS LATER
No update on BioCity machine but that's ok because with Volz in play to quote the CEO "P2F can commence sales with confidence"
DYOR but still no RNS announcing sales or update on capacity leaves three possible scenarios
1 P2F have sales but limited BioCity capacity with no Volz outsourcing agreement so cant fulfil sales.
2 Volz outsourcing in place and BioCity machine at full capacity but P2F have no sales.
3 No NEW Sales with on
Nice post Grayem you can go now seen as your not invested, dont let the door hit you on the way out....
Don't really need to know production rates, just be a retired mech Eng. Do some quick arithmetic and 5m/month = 2 masks (1.92) per second? That's working 24-7 for 30 days straight with no shutdown.
Having seen pics of the BioCity facility (room) and the size of the machine (both available online), doubles down on the doubt.
Producing 2 of anything/sec with stitching, wrapping & packing involved in the process isn't going to happen.
aha yes. Fair enough Marab ;)
love the spat over speculation lol get a grip guys news of contract is what we need anything else bull poo !!!
Interesting. I am not sure i insulted you tbh. If my statement regarding 'of sound mind' offended you then my word you must struggle in your day to day life.
Lets get it straight you have nothing to come back with so you plead the victim. It is that simple.
@Lp160606 - you've stated "No of course i don't know the exact rate. but i know for a fact it is not at full capacity.", when challenged you've resorted to insults. Not the kind of behavior that one would expect from reasoned debate. For that reason, you're filturd.
Who was providing reasoned debate?
You have applied no logic, or reason. You just said i was wrong. I spelt out you why i believed otherwise. You came back with a one liner. Kettle black and all that. I'll happily debate
@Lp160606 - you're getting wound up and making up $hit to support your rhetoric. If you can't handle reasoned debate then might I suggest you decamp and head over to mumsnet.
Also i haven't sold out you pleb.
I have said about 50 times i got caught in a trade. 2.5 and i am out of here.
i do, and anybody else on this board of sound mind does also.
It is price sensitive information. Why would they not tell us this if it had been achieved?
Even that video of it running at 6pm is so dodgy looking back. False image being shown to the world, rather than concise facts in an RNS they show a video which will allow peoples minds to run to their desired conclusion.
Beesty, occasionally you may believe i am saying insane things (that is because you are emotionally attached to the share), but in this instance i am not sure even you can argue with my logic. This is price sensitive info, they are bound by regulations to release it.
Supreme
Just filter the idiot as I did.Just another bed wetter who sold out at a loss and constantly posts inane crap.
No, you don't know it for a fact.
No of course i don't know the exact rate. but i know for a fact it is not at full capacity.
Hired and gave out free shares to Jonathon to get the machine up to speed... Surely upon completion of this milestone they would announce it to shareholders given the array of issues in getting it set up...
Also paid Alex a **** tone for even getting it going.
They would RNS this, come on, seriously. It isn't even debatable.
please don't post links to old videos - this is like the endless posts from BygDenise who ruined the ADVFN board on this stock for any meaningful comment