hi vax, would certainly be eating away at the cash reserves at the minute... you can never say never, but, i think they are still incredibly confident of sales, it's just spending time in negotiations with potential customers.... unfortunately you can't demand them to the site pronto, particularly when we are only going to be putting out 200kt pa for the next few months... i am still confident very here and hopeful of hearing something this week (but no guarantees naturally)/
also, the finance deal mentions with ecp and chinese connections have been very short and sharp.... it indicates for plant, but, there is a very real possibility that this may be general finance also.... most for plant, but, perhaps some for operations also in the short term.... where i say short term, the second plant is bolt on, and shouldn't take too long for us to be putting out 400kt p.a. and banking cash of considerable amounts...
no doubt caash is front and centre in the minds of ced and co, and unlike other times, we have some incredible connections now, connections that want to be a part of our ride....
i don't think CR will be on the cards, if finance is available... now that ced and co have a massive pile of shares, they wont want any more dilution, when it would appear that cedric and sean would struggle to participate in it... (i am sure they wouldn't have taken the loans if they could).
unfortunately for us holders a little more patience required...
NSL Price at posting:
3.2¢ Sentiment: None Disclosure: Held
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