In all honesty the argument of wait and give them time may work for people who bought in recently, I bought in at a time of pump early/mid last year (my own lack of experience) and waited for movement to occur. By that I mean forward with any commercial deal.
The deals didn't appear and I feel the plans changed, Pune was to my understanding for just for that state in India. It was to be the start of multiple deals in India. The idea was to set-up or refit plants close the the end user so to avoid shipping and to ensure capacity. As it is the testing completed is only relevant to each plant or supply of fly ash due to differing composition. Meaning the test of the process is fine but the product needs testing for each plant or source... So they're going to have a proven technology in Australia but issues with running the process (as they've said the pilot plant is to cease operation soon no?), a commercial plant in India that is licenced to only that state in approx 9-12months and no proven product (as in product derived from Local fly ash) from a source in key markets like the US.
That makes selling the product difficult without a significant player assisting to refit a plant, then test product from local source then actually utilising in a live operation.
Anyway that is all my understanding and I may be wrong. But things seemed to change so commercialisation became much much harder.
As for the graphenera stuff, it's not even in the picture as the technology is too new to even consider commercialising and the deal was rushed it would seem.
This is just to say wait and see argument has been said for years with no return...
LWP Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held
