RE: misinformation31 May 2022 23:26
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.