I am a long term holder hoping and praying that this company will do something that can/will change my life. Over this year though my feelings are for that to happen are fading each day. The way I am feeling currently is like I am in the movie "Groundhog day". I check the market for an announcement from KRR only to see the day pass by, and end up with nothing is released. I then looked back to the days of when KRR was all about Vanadium and saw all their announcements.
19-12-2018 Planned publication of a PFS Study in 2019 18-01-2019 Prefeasibility Study (PFS) towards the middle of 2019
01-03-2019 Prefeasibility Study (PFS) towards the 3rd quarter of 2019
21-03-2019 Prefeasibility Study (PFS) towards the 3rd quarter of 2019
07-06-2019 A Prefeasibility Study (PFS) is underway and is examining several process routes to extract these commodities
27-06-2019 On completion of the PFS later in 2019
20-08-2019 PFS is now expected towards the end of 2019
27-09-2019 KRR is aiming for the PFS to be completed towards year end 2019
25-10-2019 PFS towards the end of 2019
Then on 05-12-2019 they release an announcement which no-one saw coming. That was the change of project focus towards extracting HPA
After the shock of waiting so long for the PFS I was back to day one on waiting for a PFS. This time though for a HPA PFS. Since then all I have seen is the same copy & paste in their announcements regarding release dates.
19-11-2020 PFS is now expected in Q1 2021
25-11-2020 PFS is now expected in Q1 2021
15-12-2020 PFS is now expected to be delivered in Q1 2021
27-01-2021 PFS is now expected to be delivered in Q1 2021
25-03-2021 Imminent release of the PFS
Now that has changed even, to Como Engineers, Capex and Opex estimates are pending some final modifications of the HPA washing circuit. On completion, the PFS documentation will be finalised for release to the market. (Whenever that maybe)
We are now nearly halfway through the last month of Q2 2021. This does not sit well with me and other investors as if you change from one mineral to another right at the last moment, then keep on giving time frames of when the HPA PFS will be released, yet not sticking to it (For whatever reason). It does not give much confidence for shareholders & investors in the management, planners, designers & company of ever being able to build a plant for the HPA. If management or anyone from KRR read this. Then please lift your game give the companies you pay good money to for them to do the plans a good kick up the arse as this is well and truly a joke now.
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