.
As I said, and I will say again, your comparisons are laughable.
I think it would be seen as very obvious here that when you lack substance in your argument you quickly attempt to twist away from what was what.
NTU approaching 4 Billion shares and have what to show for it!
A plant that they down sized from their original 2015 DFS!
A plant that after 18 months has only achieved ~25% of nameplate
"CARBONATE"!No ability or even know how to separate carbonate into oxides!
So a business that is solely reliant on China paying for their product!
A business that has been constantly reliant on fulfilling placements for survival!
A business that we were told back in 2018 that "WILL BE" cashflow positive in 2019!
There is plenty more I can add to this list!
How about I will finish it off with a market cap of ~$58,000,000 (today)
Lynas before consolidation ~7 Billion shares and have the second largest RE separation Plant In The World producing
finished Oxides, (not a carbonate), and over $1,100,000,000 market cap (today)
$1.1 Billion vs $58 Million or ~19x
Annual TREO in CARBONATE from last production results 143 tonne NTU
vs
20,000+ tonne finished separated oxides LYC
and on top also, a HRE/SEG mix that still makes NTU's 143 tonne look minuscule.
20,000 finished vs possible 143 =~140 x
But don't let that get in the way of a good story.
NTU's slow snowflake fall from grace has been predictable and text book.
Can they turn this business around to being a viable business.
Then again why would they even care. As long as you have Donors willing to Donate and Dilute, why give a stuff, keep kicking the can slowly.
Management are still getting paid,
Plant is not running,
They have shored up their pay packets for the time being.
Covid-19 may keep Plant closed for another 6 months+ since that was the reason they used to close down.
Money for jam.
Money from Lind was purely Peter to pay Paul, the only way this business has operated.
Might be wise to pay attention as to how long this hopeful $22 million will last, I am of the opinion there might be a few Paul's out there who are awaiting in line for payment.
Covid-19 was an opportune excuse to shut the doors until Donors could be found. IMO
Dilution Dilution Dilution punters.
Do any question here as to why the latest $22 million placement, when the so called BGIA was:
"On Its way"
"Its already coming" 43313632A little like GB's 2018 words in an investor presentation:
"At some stage during 2019 there WILL BE positive cash flow."Hands up here who fell for that one, don't worry I can't see you.
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(20min delay)