Having Panmure on board gives some confidence. I am unsure about the major investors. They converted their debt into equity at 1p. They raised millions in CLNs with no income at 1p the last couple of years. Will they go down that route again? It all depends on Maine in my opinion.
A mixture of debt and equity? Would they build a larger plant without an offtake agreement?
I see funding for moving and modifying the lumberton plant prior to the former. It should be clearer soon at the moment just waiting.
They need funds to do anything. I am not sure what they can do without news on the Maine permit. Expecting news on that soon. They mention moving the lumberton reactors and modifying them but that also needs funds and a permit. Waiting to see how they raise funds and at what price.
Maine permit for a 10t plant, Lumberton reactors moved there in the meantime. Q1 10t reactor commissioned and operational in Maine.
Funding I can see cln at 1p from the present major holders and a later, larger placing for the 10t reactor.
Emissions data and Maine permit first then Lumberton. Fulfill RMP test burn order Q4.
Interesting Rowan mentions the existing licencee in Canada, the guys a corporate lawyer wait and see what is happening there.
Could be wrong we find out soon.
Looking for test orders, Maine/Lumberton permits, burn test results and emissions data.
Interested to see how they will proceed with the new reactors cost/design/time frame.
The mid year results are soon, hopefully some positives in them.
Did that reactor in Utah work or produce anything? No licence, permit or IP. Where were the emissions tests for any coal switch produced. Where were you then Dave? I do not recall you highlighting this situation prior to your meltdown..
The need for further funding was well known. New reactors and plc costs? Something similar happened this time last year. Do you recall Aeg raised at 0.6p from a high of 1.10p. The price then fell to 0.37 and subsequently rose to 1.7p. News on various items will happen prior to a raise. It could be a private placing?
On the back of IP and a future test burn they added about £25 million to the balance sheet. We are more than 50% under the last placing. For reasons that you have mentioned. We will see how it plays out..I include our CEO in that.
You sold so why are you always posting. Why is it important to spend your time justifying why you sold. Can you explain why you constantly post if you are not invested?
You began to do this when you sold last year. It is your right to do so but it is a strange way to spend your time.
This thread was started by a new holder who mentioned profitability in 2022. Then Dave just babbles and insults. Every thread is like this, the guy is a bully.
I think they will be in profit in 2022. Lumberton 5t and 2.5t in Maine plus another licence(s). Then we rerate and you will be even more upset pal. Let's get the permits sorted and finish the commissioning. That is doable short term.