E3Sixty Limited Pre-IPO Offer - Precious Metals Extraction from E-waste, page-245

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silkroad88

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30/11/23

13:41

Post #: 71194309
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Originally posted by Tarvold: ↑

From AGM
-2nd shipment of processed waste shipped this week.
-Only waste company invited to critical minerals summit by NSW government
-Power limitation at Vilawood delayed scale up, being upgraded.
-Positioning as number 1 e-waste processor in country.
-Southern Sydney site awaiting final permits before startup
-Looking at additional sites with permits in place to expand across Australia
-10 tonnes a day has been processed through stage 1
-conveyor feed being introduced to automate/increase processing (currently fed via forklift)
-moving to 2 full shifts a day
-$750k pm overheads, $35k revenue required a day to reach operational BE
- strategic plan short term get all existing sites up & running, then expand across Australia. Long term plan replicate overseas, in early stage discussions with 3rd parties overseas.
-Looking to achieve track record of profitability before looking at IPO / trade sale etc rather than setting fixed target date.

That's all I scribbled down during the meeting if anyone has anything else.
From the revenue quoted from different types of materials per tonne etc I got the impression from the meeting that operational breakeven will be achieved fairly soon on ramp up.
That together with the comments on an IPO target & I wouldn't be expecting any work on an IPO any earlier than the end of next year

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good summary, and they introduced PKF as their auditors who were also present

also, 1st shipment for Japan left in October, and the 2nd shipment to Japan left this week. Payment expected for the 1st lot before xmas
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E3Sixty Limited Pre-IPO Offer - Precious Metals Extraction from E-waste, page-245

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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E3Sixty Limited Pre-IPO Offer - Precious Metals Extraction from E-waste, page-245

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