ANQ 0.00% 0.3¢ anaeco limited

Ann: 2014 AGM Presentation, page-2

  1. 6,615 Posts.
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    Well, I thought the 2014 AGM presentation was humble and honest.

    They highlighted problems with the WMRC Project ramp-up, and outlined what needs to be achieved with 'potential' timeframes.

    The key milestone is to run all three bioconversion vessels in a consecutive weekly sequence. The presentation mentions a potential timeframe of late Feb 2015.

    Once this is achieved i believe the plant will be ready for performance trails. If everything runs smoothly ANQ will be issued that long awaited Certificate of Practical Completion. Things will get interesting from here...

    With a working plant the company can re-ignite conversations and tendering for the SA facility (200,000tpa) and NSW Shoalhaven Project (65,000 tpa). Unsure how either of these are going as the setbacks with the plant may have damaged their chances?

    Also, does anyone know if the company's MOU's with the international's are still intact? My feeling is these markets will be just as important as AU.

    All in all, massive project delays to date. However, ANQ are getting much closer to the start line and have given us a potential date of Feb next year... Most likely April...

    I'm no construction expert, but it seems delays in first to market technology are always present.

    There could be a cash issue. Cash at the end of the quarter was around $900,000. Half of the $4.5m tax return will go towards paying off the funding facility with Monadelphous. Of which they should still have access to $3.5m if the deal extends. Can't remember the details of the deal but a cap raising is not unlikely.

    I would like to see them raise to fund an extensive commercialisation phase.

    2015 will be the year we find out if $140 million dollars and 15 years development have been worth it.
 
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