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02/07/21
08:05
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Originally posted by sevo:
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There is nothing wrong with missing a deadline. The problem is that the environmental approvals pushed things out by 6-9 months leading to a cap raise to fund ramp up and now punters are probably thinking is commissioning about to be blown out? On top of this we know they underestimated evaporation and are coy about exact SOP equivalents at hand. Investors will have to accept there is good and bad with the style of management at SO4 and they only have themselves to blame if they are disappointed. Other projects have followed a more conventional and conservative path for good reason. Hopefully the much anticipated first production announcement follows shortly into Q3.
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No mention on this forum of the disappointment of the CEO cutting and running from a competitor to SO4? Perhaps he became frustrated by the lack of meaningful progress.