Time to reflect25 Nov 2018 11:33
Will the recent turmoil i think perhaps reflection on the "update' RNS is needed. There are some nuggets that have been overlooked which definitely shouldn't have been...
"Following the commercial agreements with GRP, the Company is now actively working on new biomass sales opportunities utilising the initial biomass supplies from North Carolina. The Company is anticipating its first revenues from biomass in Q1 2019. The Company is also actively seeking exposure to timber trades in Asia, with reference to China, South Korea and Japan through the negotiation of new supply agreements with existing local operators in the market. Further announcments on these arrangements will be announced as soon as practicable."
So before we start making GRP spare biomass into CS, we can flog it to asia for some near term revenue and profit.
"with these revenues being supplemented by biomass sales utilising the initial biomass supplies from North Carolina and providing the Group with a strong pipeline of potential revenues in the near term"
Near term profit and a side revenue to the CS one as theres far more biomass here than we can initially turn into CS. May as well flog it for wonga instead of destroying it or letting it rot. Cant wait to hear about this in the very near term