ELE 0.00% 0.5¢ elmore ltd

Ann: Phase Two Wet Plant Update, page-222

  1. 360 Posts.
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    well we only had an update just 7 days ago stating that BMM wont be coming until the end of this week and that the pump was being fixed. i would doubt they would waste money on an announcement saying the pump was fixed but thats just me.
    with regards to phase 1, well we know its an entirely different ball-game this time with the govt support, chinese support etc dont need to repeat all that info.
    they have clearly underestimated the time it would take to get this going and become cashflow pos. i get that, we are all sitting here waiting patiently......
    also may i ask why are u so preoccupied with multiple customers? we already know from the previous announcements that BMM want all 200K and also to absorb all of the next 200K. to me if this site visit by BMM this week gives us the green-light then lets just deal with these guys for the whole amount and focus more attention on expansion plans and getting that right.
    we also know that 24hr production wont occur until end of april when staff are hired and trained and that 2-stage production will be by early april, so need to keep in perspective the number of staff on the ground and how much can actually be produced at this time.

    this is all imo and i am just going by the plethora of announcements that has been presented to us, which is way better than other companies. the only piece of information they havent been updating us on is the steel plant JV, any thoughts there @Timtator
 
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