Agree, they were full of it.They were fully financed multiple...

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sevo

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29/11/21

17:43

Post #: 57941405
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Originally posted by Bullrush007: ↑

The company literally said that the pond design would produce in excess of nameplate

This refinancing should be a piece of cake...'The Independent Technical Expert's insurance provider can pay for it!

WINNING I love these announcements by the company...its a CLEAR picture of FALSE and misleading claims through official company announcements
Project fully financed: Cost to complete report issued byIndependent Technical Experts, with estimates including ‘multiple conservative parameterassumptions’ relating to pond operation and ‘conservative process designcriteria’ in the plant
First SOP production: Expected within weeks of Placement
Risks to any future salt shortages mitigated by revisedpond plan which incorporates 271 Ha of pre-concentration with sustainingcapital of A$2.5m brought forward from 2022 to June 2021.
“It is clear [that] together with conservative processdesign criteria, the revised pond system on average will be able to produce in excessof nameplate production, with worst case conditions meeting nameplate…….”Independent review report

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Agree, they were full of it.

They were fully financed multiple time yet they kept coming back for more and punters kept on handing over money? Crazy. Not only were they fully funded they were always on budget?

SO4 Price at posting: 31.0¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

1 Great analysis

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