I do think that it's the container from Germany. Surely, modifications and improvements have been made. It's clear that all of this could probably have been done in Germany, but to access the grant from the Australian government, it was probably necessary to set up the container in Australia.
The 50kg per day isn't exactly rocket science, as to qualify the process, a test unit is run like under real conditions, 24 hours a day, and if necessary, even 7 days a week, as shutting down and restarting a chemical process plant is not simple.
But no matter what, the EGR Management is currently relying too much on others and hoping for miracles instead of focusing on the core business. The Australian, German, or American government may provide support, but only to those who take action themselves.
So, it's time for AS to sign a binding contract and not further LOIs, MOUs, and non-binding agreements.
EGR Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
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