RE: How we didn't expect this12 Jun 2024 11:02
I hope news is not far away now. I am thinking everything is just tied up with setting up contracts with the black mass buyer. legal contracts can take time to discuss and draw up, then back and forth through lawyers making amendments etc.
need contract with buyer first
this then allows the TFO to be finalised
this then allows the RTO to take place
then the factories can ramp up production
then more factory can be built
every thing being held up with that buyer contract imho. They need money temporarily to keep lights on, hence why clon were set up in first place. If they were desperate/greedy/conning us - they would have drawn down the full amount very fast imho. Instead they are trying to do it in as smaller amounts as possible, just when needed.
I wouldn't mind seeing an update RNS though to let us know of progress, even if its a no news RNS just let us know the bod are still around and working to progress things, what is happening with the proposed leinster sale etc.