No guidance on when nameplate will be reached. "As soon as practical".
No breakdown of grade achieved or the cost they are receiving for the Mn ore. Why?
Deflecting responsibility by saying all Mn producers are having issues when in reality they are all making good money.
On the HPSM side. A DFS costs money. E25 have to be careful on how much they are spending.
Do you seriously believe E25 can get offtake partners and a capital injection at a premium based on their scoping study?
I think if you've paid attention to the company long enough, they were meant to have the PFS complete in July 2019. Stated in an interview March of 2019. We didn't see the scoping study until this year and investors were left wondering where it was.
last quarter mentioned DFS would be complete second half of 2022. Reuterated from the statement on the release of the scoping study..
There was no mention in this quarterly when the DFS will be released. Why?
When a company leaves this information out it generally means a delay especially given E25s history.
Communication from the company is vague and after operational difficulties pretty much went silent on shareholders.
Any other company breaks down costs, grade, recovery, price they received etc. E25 just says we produced this much and received this. But we will put $5.9m in administration and corporate costs and offer no explanation as to why this is more than 11x higher than the last quarter. If it was a typo that just shows more incompetence.
I will wait to see if this ship can be turned around. We shall see how the market reacts on Monday to an after hours released quarterly on the very last day for reporting.
E25 Price at posting:
58.5¢ Sentiment: Sell Disclosure: Not Held
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