Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Not surprising since 7 weeks from supposed completion. Further Spanish investment now also overdue or possibly not approved. Amateur is too kind.
Irrelevant. Revenue = price x output. Current output = zero. Did produce 29 tonnes in the first half year though. Consistent failure rewarding all the LTHs.?
Rns 29 August 29. "Concentrator is complete. First ore September." Bit much to expect this state of the art plant to have produced anything in the seven weeks since it was completed.
Not nearly as boring as the 61,000,yes 61,000, pie in the sky ramping crp from Trobot. Tick tock.
No this is taking much longer than the CEO repeatedly announced to the market.
Spanish "investor" got cold feet? Hence market aware of next placing at 0.3 or less.
Long termers here are reminiscent of the troopship HMS Birkenhead.
Perhaps it was the Spanish investor who has suddenly realised how badly they have been misled.
Not a chance. Material risks remain from plant performance: throughput and recovery. Not to mention cash flow both near and mid term. The ramp up could also be delayed as could the Extramadura government grant. Furthermore the deal with the additional Spanish "investor" to keep the lights on has not closed.
The king has no clothes but the courtiers do not accept it. Desperately seeking funding I am sure Blackrock will be understanding.
The 2018 half year report said completion Q1 2019. When did April to October mean that the project has been delayed by one quarter? Lying again MM.
Nine months ramp up. Why has the lying bstrdd been saying three months to full production for the last 18 months? You simply cannot trust anything Masterman says.
Year 1 production is 184265 mtu from completion of the concentrator in Q2. The old concentrator moved to Regua Q3 along with the gold upgrade. All in June presentation of this "under budget fully funded" world class development.
Firm production figures for July 16 tonnes compared to 20 target. Target reduced from 40 after false statements about production increase due to feeding higher grade ore to old concentrator. Shortfall due to old concentrator designed for tailings so move it to Regua with significantly higher grade.
In the RNS yesterday the design of the old concentrator was used as an excuse for not meeting July concentrate output. This is because it was "designed for tailings not ore". Then why move it to Regua where the feed grade is considerably higher than La Parilla?
No a bye signal.
That will be the WRES defined terms:
Primary construction completion = not completed
No more placings = placing
40 tonnes per month = 20 tonnes per month
$3M earnings = not defined.
Under budget = we need advance on the grant
Etc etc.
Also 3.5m on 3rd/ 4th July.
Simply because in a recent interview MM said that although commercially confidential they were at around a 20% discount to the market.
Does anyone know if the off take agreements (which are not currently being met) have a floor price in exchange for the hefty discount?