In the previous quarterly report dated the 30th June 2022 it stated:
"During the quarter construction of the hot-wall reactor, vessel materials were advanced at the manufacturing mill in China. The reactor vessel has progressed through first and second forging stages and associated quality assurance processes. Final rolling of the materials, quality testing and dispatch to Australia for detailed fabrication and fitting is expected to be completed in the current quarter (i.e. 1Q FY2023).
The schedule for delivery of the reactor vessel remains subject to some uncertainty due to the current congested shipping and freight situation around the Shanghai area. The Company is continuing to monitor this closely."
In the most recent quarterly dated 30th September 2022 it stated:
"Hazer is monitoring the delivery of the high temperature reactor shell from the supplier whilst also pursuing an alternative reactor design with global engineering leader, Hatch."
Does this mean that the reactor has been completed and is awaiting shipping, or is it still in the process of being fabricated, which would constitute a further delay?
It is good to see that they are pursing alternatives, rather than just wait for the Chinese to get their act together, which seemed to be the policy up until now.
HZR Price at posting:
56.5¢ Sentiment: Hold Disclosure: Held
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