Well reading that felt like having a cold and frothy beer in your hand and it ending up warm and flat by the end.
There were a few positive outtakes but most of it was written with a defensive mindset as in this should be taking more like 5-7 years to come to fruition. Well we don't have 5 - 7 years Jack!!
Im not surprised by the revenue. Its has zero reflection on the Maryland facility production numbers nor the new improved agreement which will come with Ellume. Will those numbers show in the next quarterly maybe not. Maybe 1st/2nd quarter 2022 before that hits full stride.
Dollars in the bank are ok but will be devoured up very quickly with the ramp up in everything. I'm thinking Ellume revenue should go close to co covering costs by then.
Now that i have read more and more about the word arrogance in a number of posts, for the first time, the way that report was written I can see it coming to the fore.
My vote is being swayed at this point...
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-67
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