focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Charles, no, on Friday 12th May 2023 Reuters reported "Lynch pleaded not guilty to 17 counts in court in the U.S. on Thursday, court documents show, and a status conference will be held on May 19 to set a date for the trial.", but as yet it seems no trial date was set.
Just seen this article on The Independent website, another DLE opportunity for Next-ChemX solution...
https://www.independent.co.uk/tech/lithium-volcano-battery-electric-cars-b2409045.html
The question of Next-ChemX going under is a valid risk. In my experience if I'm going to procure goods or services from a supplier then as part of the procurement due diligence process it is a key requirement to evaluate the financial viability of the company, after all you want to know they'll still be around in the future to maintain and support the infrastructure. The same is true if selling goods or services to a buyer, you want to know they'll be able to pay the bills.
One thing to remember is that the Next-ChemX technology is transferable to other industries/materials so in theory they're not a one trick pony GLA and DYOR
Was in this before the Kangaroo crew raid and in this for the long haul. I've only invested what I can afford to lose if it does go Pete Tong but this iTDE has got so many positives I can't see how it cannot win long term. GLA and DYOR
As per AGM report on 13th July, "The first phase of this process includes exhaustive laboratory test-work, testing several processing sequencing combinations, which is expected to be completed during the Q3 2023.". So update could be anytime thru to 30th September...
Firefly, yes there are many other companies exploring alternative DLE solutions but not necessarily as environmentally friendly, energy efficient or recovery efficient. A quick Google will reveal this. GLA and DYOR
AA, as per the RNS "copies of EY's report are being provided voluntarily to the Financial Conduct Authority and the Financial Reporting Council ("FRC") to ensure they also have full visibility of EY's review". That seems to be being open to me.
Don't know if anyone else saw this tweet, https://twitter.com/VoltLithium/status/1673359987991519232?t=EEOSpt4EsayRNZTV7R0WHA&s=19
Volt Lithium achieving 90% recovery rates from brines with lithium concentrations as low as 34 mg per litre.
Sounds promising for Next-ChemX and CLON :)
GLA and DYOR