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clock Created with Sketch. 28/05/24
13:06
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Originally posted by GCar:
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ATL has been testing our product. Your product seems great so far; initial testing shows the impurities are within spec… while we complete our qualification process, how do we ensure that you can deliver, if/when our boxes are all ticked? We probably need some funding to get the plant humming along and ramped to +50% of capacity, and to ensure we can fund the opex for initial order quantities. We have about USD$5M in the kitty and reckon about double that should see us through to consistent supply quantities at decent scale. We could do an equity deal but want to minimise it at this stage to minimise dilution . Great, we’ll provide the 5 mil and get the qualification finished, so we can get an offtake in place. Copy that, but there’ll be no discount; actually you’ll have to pay a bit more than recent vwap. No problem, the money is on its way.
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rofl! Every few years in AGY there is a new company that comes by to "test the product" all of them leading to nothing. ATL/Mits/etc all just evaporates into nothing. The never ending carrot dangling in AGY continues and you keep defending it. LMFAO!
