Read the report again...they are working on fixing the problems.. Mind you this quarterly is for the period ending March 31 and thus it is possible that all these problems have been fixed by now. Nameplate production levels may just be around the corner. It takes easily close to a year for a new producer to iron out operational problems in rea ltime which is not easy as they (as per previous report) had challenges with staffing because of covid and lockdown of WA. Management relies on getting the right skill sets from industry and if they are not available, how do you expect them to proceed?? The plant was not operational 24 hrs due to staffing and associated challenges. Yes, they are burning cash, but they are gaining valauable operational experience which would be key for future advances and earnings. We shareholders are mostly interested in SP appreciation and find it easy to hammer management when things don't go our way. That's why I politely suggest that if one has questionmarks around management performance, then sell you shares and invest in companies with prudent management. We are all armchair critics here, and some of us have not even run a small business before, let alone take a company from PFS to production in one year, and a SP appreciation from around $0.15 to $2.80. Many shareholders made a forune from E25 and think JB is a prudent manager. If you bought at the height of the SP appreciation just before the company went into operations, you should have considered the operation risk associated with that decision.
E25 Price at posting:
84.5¢ Sentiment: Hold Disclosure: Held
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