TJ, in terms of raising enough cash to complete the plant, I'm...

TJ, in terms of raising enough cash to complete the plant, I'm sure they would have by now. However, the reason they haven't may be because either,
1. They are hoping to place shares and are trying to get a get deal (although already they have stuffed up with the price continually falling;
2. They simply cannot raise these funds.

At least if they can raise $2m, it gives them time.

MT and the board are obviously very inexperienced when it comes to capital management. That is why I have been banging on about the board (not just MT). The idea is to have a board of directors with different skills. They should have had 1 board member who hd a background in capital management given that was always going to be important in the development of APG.

It makes no sense that significant companies had initially showed some interest, however, moved on.

Even if we look at Orica and Bluescope. Why couldnt MT make a deal with these 2 and have them contribute $5m each (assuming it costs $10m to complete and commission), and essentially repay these loans through free processing?

Is it that what APG are going to charge these companies is too high that they have quickly decided it is uneconomical to use this technology and are reviewing other alternatives? As i said, there was some initial interest, however, there is a breakdown somewhere. Is it the technology is not working as well as expected, is it that the charges are too high, or have better alternatives being developed?