Good post given where egr is at the moment. I think Spinks is a smart person who was forced to take a risk and pivot away from epanko and into processing all those years ago. That punt has been underpinned by a fundamental shift in carbon neutrality and esg/green energy etc, but has ultimately put us in good stead.
the board has now been supplemented with SME re. Project mgmt, product development etc. Its time we start to see progress here. I've said it before, an execution skillet is vastly different to a study skillet. Execution strategies take time, supply, procurement, eng design are not easy task and is probably being made difficult by the skills shortage in WA at the moment. The thing I'm a bit concerned about is labour cost, it is sky rocketing and I think this could have impact on exe costs. We have 50ish M in the bank....is it enough? Time will tell.
while it's frustrating, until news is released, nothing has changed and assumed progress is being made. Let's just hope when it comes, it's material, it's positive and it sends the SP higher at a rapid rate. GLTAH.
EGR Price at posting:
63.8¢ Sentiment: Hold Disclosure: Held
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