Ronphos (Nauru) was a basket case when Mencel arrived. He turned it into a profitable business. Until politics usurped him. He left and it went back to being a basket case. Mencel has brought his connections to this project. Ie Brian Hall who worked with him at Ronphos.
Operations to me is this company’s strength.
Corporate is its weakness. Once funding is secured. And being shown to be prudent and non dilutionary we can get back to resting easy.
@Happ on your earlier comment regarding price and medium grade Moroccan. I can clarify their shipment to Samsung was at a discount. Our product has consistently being high grade. It confused me as well but they were was using it as a benchmark angling towards funding and price mechanisations that could potentially be used for funding. Clear as mud right! Should never have stated it.
Anyway I’ve rambled enough…
I’ll end by saying no more trail shipments until new customers get involved.
Roughly 30-35k shipments plus increasing our stockpiles every Q will be the norm pre 1.5.
Random comment could Nauru phos have a home under a centrex banner going forward??
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