I also suggested the management had furloughed themselves and had forgotten they could go back to work ...
that would appear to be still the case.What I find interesting .. if our company / product is world beating why can’t we get funding for a small plant . Either management are out of their league or no one wants our product ... it’s as simple as that .. personally I think it’s both, I wish I had never invested.
Its that sort of ludicrous statement that would make anyone question why you make an appearance at all. It seems you heroically warned
us that management had furloughed themselves but you continued to hold shares in the Company. Well that simply is stupid.
The assumption you make, with absolutely no evidence, is that the companies largest shareholder is not interested
increasing his wealth through a higher shareprice but in fact is sitting back , putting his feet up while watching it slip away...really!
There also seems to be an assumption the RVR can dictate progress in this industry , that someone will throw $US12M our way for a plant that hasnt been run beyond pilot plant scale and without going through a thorough qualification process first...RVR being a very small player , even in scaled up form, is unlikely to be on the radar of large vehicle manufacturers or battery suppliers , so that alone takes a lot of players out of the market.
RVR is a David amongst Goliaths and to date ,given the turmoil in the Lithium sector exacerbated by Covid, is surviving quite well IMO, it's been all about survival in the last 2-3 years with all players reducing production, scaling back growth, changing plans ,being battered by low prices and in some cases going into administration...RVR is still standing.and its prospects are looking brighter as the sector looks to be turning .
Cheers Whsky
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