@Plext
Next month will be a year since they have conducted the CR for these long lead term items.
It is extremely unlikely that they will order any expensive long lead term items now (things that cost millions).ADN needs to submit PEPR application, sign significant BOAs, finish BFS and make final investment decision before anything other than pilot plant bits and pieces are ordered.
Money in the bank at this moment is needed to ensure that the company keeps operating, employees and directors are being paid until finances for capex are sorted out. Even if we take away the millions spent on MEP takeover the quarterly cash burn is increasing.
This also means that starting production in July 2023 as projected in DFS is not going to happen.
General comments/chat, page-33643
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