Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
"They stated they need funding to continue in any meaningful way."
You are mis representing what has been stated in the official RNS's and embarrassing yourself again.
The facts of the matter as stated in the 30th September interim results RNS
"With the revenue now being generated from our gold production together with the further funds from the exercise of warrants in June 2022, we can continue with the current level of operations. However, further funding may be required to accelerate the ramp-up of production at Homase and the exploration programme at Akrokeri. "
We just need to hear an honest appraisal of what the mine is/will be capable of doing Wasa. The company have obfuscated for far to long. Conservative forward guidance, hit the numbers, even if it's very low guidance comparative to previous original expectations.
expecting a realistic target for production for 2023 before year end, they have used up almost every excuse one could imagine for 2022. The Crux of it is, having been operating the site/plant now for 12 months, we need an honest appraisal from the co about what we have and what we can expect going forwards. It's not professional to keep cutting and cutting the target ls for excuses like the weather.
https://www.ft.com/content/46e5c98e-f9cd-4e88-8cd5-23427522c093
It's been hard to establish what the plant is capable of doing in its current configuration, without setbacks. Diesel availability, theft, rains, agglomeration issues. Not clear if they are / still yet to make changes to the setup to boost recovery, or its a throughput issue or issue with the material? Would be helpful if the next operations update none of the above applied and we get a straight up view of what is possible with the current setup and ground etc.
Don't really care about the drilling etc at this point, something of a distraction untill we make homase viable and start extracting gold economically. They have been "in production" for coming up to a year now and 4KOZ is pretty disappointing per last operations update.
plus a contingent payment of up to a maximum of US$60 million, consisting of up to US$30 million via a 10% sharing of net incremental revenue and up to US$30 million on a new copper resource discovered and declared within the acquired tenements.
Interesting to see methods for the seller to capitalise on additional discoveries. Very applicable to XTRs bushranger.