RE: Still waiting for sales news.18 Mar 2023 13:08
Hi Cuvio. I do agree with you on the legal side. Any case would be difficult because you would have to prove recklessness or negligence and that would be difficult to do. There was also one about a farming project being imminent. That was two months ago. Presumably this means the deal is very much on but not yet concluded. Words are everything but there is also expectation that is raised by phrasing. I fully appreciate there is a fine line to be drawn . The issue here Cuvio is that the Lanstead agreement was sold as beneficial to shareholders because there would be several catalysts that would inflate the Sp making the company more money. Whether we like it or not, thus far the catalysts haven’t happened. That pains me as a LTH but it is the undeniable truth as we sit here today. Because the Sp has been low that then brings into question the funding side. Where is the money coming for operational purposes. Enter oval x with 400k perhaps money that would not have been needed if the said catalysts had have materialised by now. Now, admittedly, the deal with Lanstead is over 2 years and payments are made made based on average sp’s. In theory , the catalysts could occur sending the Sp soaring in the next few months and this discussions would have been unnecessary. But as of today, nothing has materialised, funding is uncertain given the low Sp and the oval x injection won’t last forever. In short either we need large contracts pretty soon or a funding line on decent commercial terms. I will wait as I think this will eventually do well but the above key issues need to be addressed in the next 6 months
Sign In
Follow the stocks
