My issue is the amount of millions they have already spent on feedstock for no return other than the small sale last month. Where has it gone? My understanding is it has been wasted trying to get the plant up and running but the end product not meeting the required specs and being rendered useless.Latest quarterly showed small income from sale of surplus feedstock. (probably to scrap metal dealer ). If this is so then it very much explains DWs exit.
ASM Price at posting:
$1.98 Sentiment: Hold Disclosure: Held
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