RE: P2F3 Mar 2021 14:22
L&L, I'd hoped to move on , but I'll break the RNS down for you:
"As previously announced the maximum production capacity of the machine was expected to be around 5 million masks per month, based on the machine being operated for 24 hours per day and 7 days per week." - so was planned for 5m/month working continually
" The current production rate is significantly below these levels and the commissioning process has identified a number of issues that need to be resolved over the coming weeks in order to improve the machine's productive capacity." - so not producing the masks/hour that were planned for.
"The Company is in discussions regarding the appointment of an independent adviser to assist P2F with the development of the production facility, including building up the production team to operate a single shift " - a single shift is general 7 hours, but let's call it 8 ...so a third of a day ….1.7m masks/month (rounding up)
"and enabling a gradual increase from the current limited level of production to commence," - so not producing as fast as expected so 1.5m is a good estimate for now, on the optimistic side.
"and to undertake a review of the best routes for exploiting the anti-viral mask technology. This is expected to be confirmed in the near future. The Company will provide further updates as it progresses these goals in due course" - so the consultants brought in should be able to get this back to the 1.7m per month in due course.
Please let me know if there is anything there you disagree with.