I write as a long-term holder, hoping the company has now reached stage of proving the viability of the idea. Yesterday a woman rang me about the capital raising, so I attempted to ask about the issues set out below, but I think English was not her native language, hence this letter.
Before asking for our money I think the company needs to report on operations over the last month - Has the plant reached, or exceeded, predicted levels of production?
What is the graphite quality, and how does it align with prospective customer’s needs?
What is the graphite quantity, and can its price generate a profit?
What is the quality of the hydrogen, how is it stored on site, and who are the end users.Does the hydrogen off-take price generate a profit yet?
Are there any issues with the supply of feedstock gases?
Hoping you can clarify these matters,
HZR Price at posting:
49.8¢ Sentiment: Hold Disclosure: Held
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