Gr web...27 May 2023 15:10
I watched the whole webinar this morning, took it all in and decided to occupy myself with other things before sharing my opinion.
I'm a lth.
The last couple of days I have been extremely frustrated and very peed off with GR, i have seen him dilute the company so many times and give false promises etc etc... going into this webinar this morning I was thinking to myself can I really believe anything his got to say now, will it be all repetitive and so on....
I think the way he explained the issue's we been having with screens, mill etc.. made sense to me ( not that im an expert, far from it) but it seemed like they truth, i hope.
It kind of answer's my own question regarding why did GR in marks interview say 7-10 shipping, it might be fair to say these issues really showed up in that time span, they tried a " quick fix " but saw that won't be enough to meet the end goal hence ordered additional parts which should be here by end of the week. If anything this extra work they doing could be a blessing in disguise as it'll eventually assist in a bigger output ( that's me being positive).
NOT informing canmax prior to release of rns is bit odd, your biggest funders not knowing what's going on till the last moment is dangerous, that could have really annoyed them adding to their already annoyance of missed timescales.
Sounds like GR is hoping them wanted the goods outweighs their frustration etc.. the Chinese are not to be messed around with and i really hope the next 3-4 days GR manages to keep them happy but not at the expense of affecting zulu/prem too much. As for other interest, well I'm afraid I'll take that with a pinch of salt until their's real evidence of it. Not doubting there maybe interest but I've heard too much previously and rather play it safe.
As for needing more cash, think its very clear his calling outvto shareholders soon to vote, that seems obvious to me... GR buying in at 0.92 recently seems to have bit him too, as he said few times " i would not have if i knew how sp would drop". So his stung like the rest of us.
In conclusion I thank him for taking a decent amount of time out and explain things, I personally accept the current issues to be real and makes sense. I'm little afraid of how the next cash call will affect us also very eager to hear by 1st June what our Chinese partners have to say/agree too..
Best of luck all.
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