I have to admit, this is actually fantastic news for shareholders, a very exciting announcement with some very important updates.
They're continuing to work on getting the plant to operate at optimum capacity and are working on progress. They are washing filter cloths and replacing damaged ones.
They've produced 81 tonnes of product since commissioning started less than two years ago! They didn't mention any timelines on how much of that had been produced recently, but as long as it was most of it since the last announcement that's a great increase!
They even mentioned they had damaged the cooling system and were working on repairing it! That's fantastic news! Once this system is repaired, we'll see it "optimising the magnesium hydroxide re-pulping station to improve reliability in thesecondary stage of magnesium hydroxide solids filtration to increase lithium recovery and process efficiency" so it will function as well as it did before it was damaged! I mean, that's not just a redundant load of waffle, there's serious substance in there! It was working, then it was damaged, and now it's going to be fixed, allowing for it to operate as well as it was before, and they even briefly outlined the chemical process which isn't relevant but it will go over the heads of 99.99% of investors which isn't just a decoy strategy to sound technical, it's a fabulous, valuable insight into the chemical processing, despite not having any relevance to investors!
And my goodness, nothing has actually happened yet, but the vibe of the announcement sure makes it sound like tangible things are imminent, which is a spectacular new development!
Did I say imminent? They tell us the permit documents are being prepared for quote "final signing".
So many new developments here that I can't even articulate any of them!
Congratulations to all holders, I sure regret selling even though it was at a significantly higher price than where it is now, and I can not understand why this amazing announcement only increased the price by a single pip and I totally don't expect it to drop back down below where it is now, especially when the inevitable external funds are sourced!
If anyone can't see that this is an amazing announcement full of tangible substance they are morons.
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