These guys know how to write a compelling report, it makes a good read, even the items repeated each quarter with no delivery - eg Penrose.
The key when reading the report is to look for the following padding words such as - may, if, could, we are in talks, discussions, discussing etc etc. Whereas the words we want to see are - confirmed, sales, contracts, sales, offtake agreements, sales.
Binjour : The deposit is where it is and to be fair the cost of transport IMO looks prohibitive. Anyway the update states more testing..... more discussions.
Meanwhile, for the entire quarter, the company received a princely $8k in income, versus outgoings of approx $375k - go team !
Come on ABX.... on behalf of Shareholders : deliver some more SALES !
GLTH
Ann: March 2018 Quarterly Activities Report, page-2
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