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clock Created with Sketch. 09/09/24
14:37
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Originally posted by LJSM:
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Yep very solid in trying conditions and consistent with recent results!! only worse. They managed to write off another 9 million related to Vidalia but not the construction?? I imagine it was more over spend they are trying to hide?? Their lack of ability to reign in costs has been atrocious IMO. They indicate they could draw down on the DOE loan in the third 1/4 - hope we get a confirmation soon then?? At least that will give some comfort they can stay afloat while they sell material from Vidalia to whoever will take it. Mid October we should get a picture on ex china demand going forward.
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Not quite sure on the Vidalia doe loan and why you are surprised by it as it is indicated in the last quarterly?
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