This is very interesting!
How have there been no announcements of the BNNT sales and no reference to BNNT sales revenue in any of the financials?
If we use the CiB (ADF customer) order announcement earlier this year as a benchmark, we can assume that orders either that size or greater are significant enough to dedicate a single, specific announcement.
That order was $1M. PPK own 45% of CiB. Therefore management have deemed that orders that have an impact on the business of $450K or above deserves a market announcement. Obviously (a bit small for mine but that was their decision).
How is it that they have sold all the BNNT @ $1M/kilo and no announcement? An order of a measly 450grams is announcement worthy? Have they sold it in 1 gram order lots to Wes?
It doesn't make sense? And it doesn't reflect the company paperwork. Maybe you misheard the answer at the AGM?
Ann: PPK Chairman's AGM Presentation, page-16
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