In response to Blister , My understanding of LER , from wading...

In response to Blister , My understanding of LER , from wading through the prospectus for re-listing, is not that KER is now a different company, kind of, than LER was in early 2020.
The original LER was developing a process to extract chemicals from hardwood (Eucalypts) I believe. Covid and lack of cash put an end to that.
Management remained active I guess and they came across Ray Mountford. Ray has been working on his extraction of Rosin and Terpenes from softwood (Pines) for many years.
To commercialise Ray's process he needed a plant. That is he needed cash. In steps LER. They essentially combined boards, raised capital and the new LER was born. Initially with funds from people close to the workings, I think. The purpose /aim of the original LER was to extract Cellulose and Lignin from hardwood for use in the plastics industry. That is green plastic that can decompose/be recycled. Apparently and logically this is expected to become a huge world wide industry. LER has/ had aspirations to be a major supplier.
In the prospectus they say that the aim is to commercialise and make money from the softwood extraction of Rosin and terpenes and use that cash to adapt the hardwood (cellulose and Lignin) process to extract these from softwood.
If this is what is still still the aim then the long term plan is:
1) Make profit from softwood process selling Rosin and Terpenes 2) Work out how to extract Cellulose and Lignin from the waste of the softwood process. 3) Become a fully integrated supplier of Cellulose and lignin to the green plastics business....mega market!
Plant trees, extract Rosin and Terpenes (and sell), use waste to extract Cellulose and Lignin ( and sell to plastics industry) then plant trees again...voila!
You better thank me for that. It took hours of reading..ha ha