You'd have expected before coming back shaking the tin again that they would be required to offer some insight into the outcome of the money spent from the last capital raising.
Below is an extract of the 1 August 2016 announcement of the "up to" $50m saving on operational cost of TIVAN for the vanadium component.
As stated by PB himself, further test work was to be completed on the titanium component with results expected to be 3 months. We are now exactly 4 months on.
Furthermore, as per the last paragraph, he would then incorporate into a financial model giving final CAPEX and OPEX, completed by Snowdens.
As someone kindly pointed out from the AGM, he is in no rush to release this information. Why?
I'd like to know more on ROI of this cash spent before writing a cheque.
You'd have expected before coming back shaking the tin again...
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