Spider,
Thanks for the heads-up on the Jbg ann.
For once I am feeling assured about the status of commissioning and the competency of the take-over staff.
I am very curious on how the share price will respond, because it seems to have reached total capitulation.
I fear there is Slim Stef fatigue and distrust - so many bullish announcements over the years have come to nothing.
Still, I liked these words;
The OEM contractor must now demonstrate that they are operating the entire plant at desired
temperature, pressure, and production flow parameters before the Contractor is allowed to
commence final contractual obligation of completing a Performance Test. The Performance
Test is envisioned to run over a period of seven days and will measure several critical criteria
that span recoverability of product, purity of product, and overall utility efficiency to ensure the
plant performs in accordance with the original design specifications. Helium produced during
this period will be kept in storage for supply to our customer.
Renergen has appointed two independent helium consultants to bolster our team’s skillset for
operation once the Performance Test is complete and the plant has been handed over. The
consultants have a cumulative of several decades of experience in commissioning and running
liquid helium plants around the world, in countries including Algeria, Australia, Poland, Qatar,
Russia, and the United States. These consultants have already had the opportunity to engage
and review the relevant design data of our process plant and assess the overall progress of
the commissioning team on the front-end part of the process thus far. They have indicated
that no fundamental issues are likely to exist with the plant, as we have successfully liquified
helium from raw gas with proven repeatability, and further confirmed that the processes
currently being followed are standard commissioning procedures for a helium plant. They
further emphasized the importance of patience in this final stage of the commissioning
process, as it is a crucial step in ensuring the optimal performance of the plant.
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Spider,Thanks for the heads-up on the Jbg ann.For once I am...
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