Pretty dismal quarterly if you ask me. Cash at start of qtr = $11.8M, cash at end of qtr = $8M. So another $3.8M qtr. For what?
Finally the company gave an update on Soluna. $5k in sales for the quarter. Absolutely dismal. And officially the company is looking to get out of the business. What an absolute disgrace
And that LieNA pilot plant that was meant to be operational in Sep 2021? Well they don't even have approval for the autoclave
"ANSTO is working to gain operational approvals for the LieNA® autoclave, and on commissioning the LieNA® pilot plant, during the second quarter of 2022"
So "commissioning" is 2nd qtr, for something that was meant to be operational September 2021?
THIS COMPANY IS A DISGRACE. Feel sorry for shareholders
LIT Price at posting:
9.8¢ Sentiment: Sell Disclosure: Not Held
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