Ann: Quarterly Activities Report December 2022, page-4

  1. sqe
    6,939 Posts.
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    Cash burn was lower for the qtr. Nudge over $2M which is low for this outfit, aided by the sale of Greenbushes. (fingers crossed for shareholders that doesn't turn into a large asset)
    Cash burn aside, it's the ethics of the business that is a concern. Price sensitive announcements claiming work or projects will be undertaken followed by no updates as to why projects are canned. It's unethical. What are shareholders to believe?
    Good luck to them, however things are not looking good. Even VSPC looks like it won't get off the ground. So the company is left with a battery recycling business that process mostly alkaline batteries, shreds then and sells a dust into Korea.


 
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