RE: WRES.29 May 2022 20:10
OLD News troajan, must take sometime to filter to the highly respected business oracle that is "Cornwall LIve"
On Energy prices, This is a recent thing, since Q4 of 2021
At that time and in the years leading up, WRES was incapable of producing profitable production. The largest reason for the failure was the burgeoning debt, which remains unserviced and is now at $80m to Blackrock alone. It is charged at 12% so increases over $9m pa.
In any 12 month period that is known Total revenues (Before any costs) have failed to exceed £2m ($2.5m)
Thats a hole of $6.5m PLUS All operating expenses of which energy is a part.
Its dead there. Production is suspended indefinitely, Staff laid off, (Has ERTE Application been successful?), Shares suspended, Broker resigned, Stock delisted.
Which part of that is misinformation Troajan.