“The recent works represent the final parts of the critical path process to achieving continuous operations, leading into increasing production over coming months.”
To me, this is simply informing the market that the latest work plan to rectify the remaining filtration circuit issues, which was developed a few months ago iirc, is largely complete i.e. the “recent works” are the final elements of the work plan.
Great.
The current work is essentially a “mini” project, and is undoubtedly being managed as such.
A few months ago, they expected to have the work completed by the end of March, but it has taken a bit longer as no doubt some unforeseen hiccups have shown up - as they very often do. Big deal!
The narrative that some are pushing - which is effectively that the Puna team is simply fumbling around and all they have really done is resorted to washing and replacing some damaged filter cloths - is just laughable. What absurd disrespect for the Puna team, who have already achieved what some said was not even possible.
We aren’t the first company to have various factors impact timing and costs, and we sure as $&%# won’t be the last!
AGY Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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