Still reading it all and digesting but feels much like a ''things are moving smoothly along as we expected'' type of quarterly review, and that is absolutely fine, no major obstacles or issues noted for either project as of yet, that is brilliant for 2 projects subject to so many variables and unknowns currently.
Retort testing is ongoing and samples for Alpha bitumen being distributed to interested parties, that is excellent, 12 months or so ahead of any full scale production we are already looking at sales! Also time to perfect and tweek the retort design and just upscale it all when the time come to construct the full sized retorts in 2022.
All of the Georgina drilling slower than we thought, but the next quarter or two will really give us a clearer idea where this project sits for GRV for any long term development and commercialisation to happen. Lots of cash in the bank and the board enhanced by 2 good appointments.
Nothing in there which alarms me or feels negative, business as usual on both projects, and a lot of news to come from now till end of the year.
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greenvale energy ltd
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Ann: June 2021 Quarterly Activities Report, page-10
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Open | High | Low | Value | Volume |
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2 | 89304 | 0.031 |
1 | 100000 | 0.030 |
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Price($) | Vol. | No. |
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0.032 | 3361 | 1 |
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