Fellas, you talk about trust in the BOD, well now they need your trust more than ever. They are attempting to raise funds under what seems to be difficult circumstances. Get used to accepting funds from anyone, even at bargain basement prices.
We are all looking forward to the BFS. I think that it would, currently, be in the fine tuning stages, putting it in its best light, attractive as possible for potentially large investors.
The BOD would be well aware by now whether or not the venture is economically viable, otherwise they would shut down and sell the bits and pieces to the highest bidder.
Initially, the scope of the turnkey project was the factory plus a few offsite facilities.
Recently CCS was included in the BFS, presumably along with transport and logistics. They are all part of the overall project.
Also, if they are not included in the turnkey price, they will have to be funded elsewhere.
If this is so, a great deal of additional funding will be required outside of the turnkey project contract price.
There would be major CR after CR, quarter after quarter, for the next three, four or five years. Not good for SP.
As I have said before, Nemesis has her eyes set firmly on the share price, and if she gets control of "dilution" she will squeeze the life out of the value of your holdings. Fellas, it is not a good time to indulge in fantasies.
J L.
LCK Price at posting:
15.0¢ Sentiment: None Disclosure: Not Held
