Ann: Coal Fines Acquisition , page-11

and from the recent prospectus the following

"This new technology is subject to further testwork and has not been proved viable on a commercial scale. The new
technology itself, and the key consumables and raw materials used in the process are not owned by Velvogen."

there is something strange here - in that it seems the process has not really been tested - yet, they will have a plant up and running next month. one can well imagine what the plant is - probably a few coolies, with wheelbarrows