From AGM
-2nd shipment of processed waste shipped this week.
-Only waste company invited to critical minerals summit by NSW government
-Power limitation at Vilawood delayed scale up, being upgraded.
-Positioning as number 1 e-waste processor in country.
-Southern Sydney site awaiting final permits before startup
-Looking at additional sites with permits in place to expand across Australia
-10 tonnes a day has been processed through stage 1
-conveyor feed being introduced to automate/increase processing (currently fed via forklift)
-moving to 2 full shifts a day
-$750k pm overheads, $35k revenue required a day to reach operational BE
- strategic plan short term get all existing sites up & running, then expand across Australia. Long term plan replicate overseas, in early stage discussions with 3rd parties overseas.
-Looking to achieve track record of profitability before looking at IPO / trade sale etc rather than setting fixed target date.
That's all I scribbled down during the meeting if anyone has anything else.
From the revenue quoted from different types of materials per tonne etc I got the impression from the meeting that operational breakeven will be achieved fairly soon on ramp up.
That together with the comments on an IPO target & I wouldn't be expecting any work on an IPO any earlier than the end of next year
- Forums
- IPOs
- E3Sixty Limited Pre-IPO Offer - Precious Metals Extraction from E-waste
E3Sixty Limited Pre-IPO Offer - Precious Metals Extraction from E-waste, page-244
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