A comment on expected use of funds in the CR announcement.
A while ago the company stated that they have decided to do all the engineering in house to save the costs.
This means that the Detailed Engineering & Work Packages at $2.32 million is also going to wages and keeping the lights on.
From memory at the 2021 AGM the management told shareholders that they are looking for 3 quotes for every piece of equipment needed as the engineering is finished and they are trying to find the best deals.
This was a red flag for me but I have not acted on it.
Share price was around $0.18 at the time and I could have gotten out with only about 20% loss.
General comments/chat, page-44425
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