ABR 0.00% $2.65 american pacific borates limited

Ann: Quarterly Activities Report & Appendix 5B, page-20

  1. 6,244 Posts.
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    In the presentation of last quarter he was certainly upbeat on additional 10 year resource.

    Surely lithium with the newly appointed 3 with 2 having a wealth of experience in this field will now be a certain add on - cover their costs of appointments then some - a lot.

    There's been some major changes since the that February presentation podcast - minor delays in operational income in 3rd quarter appear imminent - quality procurement of key equipment - machinery from Europe will be the cause but little bother given stage 1 is only to obtain minor profits in the scheme of things but importantly provide finished product to end users - all the while new top notch CEO and others appointed and US listing will be advanced hopefully for first quarter 2022 - a long way off the previously forecast of late this quarter but it clearly shows why the company has changed course - previous CEO was not delivering as has been suggested here by many.

    Previously inept - missing key timelines - start up (i'm sure they were supposed to start construction 2019) and US listing clearly botched.
    All this and more (Chinese procurement of rubbish that would only set them up for plant operational down time - etc) has been very poor in the past and thankfully they have recognized their short comings - engaged the right people - highly regarded people with right connections to get this done and in quick time.

    US listing was never going to occur anywhere near on time - same with plant build over run - that would have seen many operational issues causing shut downs/expensive costs - miseed production targets - future sales and finance would have been anyone's guess - debt finance to fast track production anyone's guess. ALL THIS NOW IN CAPABLE HANDS TO BE FIXED ASAP.

    It just clearly shows why companies run in competent way - by recognized people in their industry and have connections - that deliver on time and budget with no breakdowns/production issues - command a higher SP - THAT WILL CLEARLY BE ABR NOW WE HAVE COMPETENT PEOPLE ON BOARD.
 
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Currently unlisted public company.

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