Very interesting.
Surprised there is not more discussion of this here...?
Finally some details of the Lilac demo plant "milestones".
1/ 1000 hours
2/ 40kL LiCl before Dec 31
3/ another 80kL LiCl "by Apr/May"
[Comment: I'm not sure (3) had been specifically disclosed before..? Happy to be corrected. Why not a specific date; surely the contract has one?]
Also of note:
Interviewer: "we love Stu"
[Comment: LOL]
...
DD: "There was a lot of naivety, in terms of developing the technology, particularly the timeline"
[No comment]
DD: "we haven't done a lot of study works to work out what the economic benefits are"
[No comment, just a facepalm]
DD: "I put three notices out to the market back in January.... one was: the first two milestones of Lilac"
[Comment: that's very interesting, because that release in Jan stated: "has met all key testing milestones in accordance with the
agreed timeline." Imo a reasonable person would expect this to mean that ALL the key testing milestones were met; there is one significant one remaining; transparency to the market with basic terms of the earn-in requirements would have cleared any confusion..?? ]
DD: "hoping to come out some time in the second quarter with an update on our capital costs"
[Comment: opens the door for "later" in Q2..?]
DD: "What I'm doing is ... putting stronger credibility around the company"
[No comment]
...IMO at least he does seem to have his sh!t together, at least compared to the previous cowboy.
IMO
DYOR
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Very interesting.Surprised there is not more discussion of this...
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