RE: Little top up18 Mar 2023 15:20
There’s no doubt we are heading to production, but 10k p/m is off take repayments. Not sure if there’s anything left in the pot for costs. If we manage to get to 20k p/m we’re making money and servicing debt. The way I understand it is the extra 10k can possibly be turned into coke batteries, which there is demand for, and higher margins, possibly this is where where the mou comes in. The buyer may have to stump up for the coke battery manufacturing plant as part of another off take agreement, so whilst we would be moving forward, it will create more debt. Whilst O appreciate the ceo recently stating this is a 30p share, I can’t see that until we’re a couple of years into production.
The plus side and hopefully the good side is once we are in production true long term buyers may jump in. I’m new here relatively and already miffed with missed deadlines, but I’m hoping for around 8/9p as soon as we rns first sales rising to 12/13p once everyone has sliced, swapped, bought in or sold out. From there, it will all be down to monthly reports.
Let’s just pray the outside chance of a placing to pay for the machinery doesn’t happen, or we’re stuck here for a few years! Only my opinion, sorry if it sounds cautious, it’s how I see it.