Abundant pessimism at astronomical dawn.
Yet today KLL is well supported at 12.5c on a savage down day on the bourse. Sure, it could break below; equally, it may not.
EBTEC is NOT responsible for trenches, bores, pipes and pumps.
From this announcement we can derive:
1. The problems are finite and can be fixed.
2. The cap raise money may well be consumed getting to 90kpa. (sevo)
3. Greater care needed in salts quality - when brine is shifted to the next stage is more critical than originally thought.
Hand-wringing over delays on brand-new processes is utterly mistaken - what did you expect, instant automatic success?
I think this 12.5c moment will later prove to be an outstanding buying opportunity.
Ash
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