You make a good point Porthos, l hope they have some serious backers who will take up any shortfall otherwise it would be a total disaster. Interested to know the debt/equity ratio, even though the thought of current mgmt handling debt makes me shiver.
The qrtly mentions all feedstock and first fill required to commence production. and thats just materials. 20% discount, 6.8c, 100M shares + 2-3M debt? Just a ballpark estimate by me, seems high but at the same time seems low. I would think the reported first fills would be 6M+ alone. Would want to be decent considering the amount of time it's taken.
The JV partner pulled the long straw on this one.
HAZ Price at posting:
6.4¢ Sentiment: None Disclosure: Not Held