- Important confirmation by the cornerstone investor that he continues to show support and belief in the deposit and the technology - Funding cost is reasonable – 15%pa which is cheap given the stage the company is at – spec and untested technology with the view to not dilute shareholdings is we start to generate some cash… thankyou Mr Cornerstone Investor for you considering the remaining shareholders and your ongoing support – noting facility is unsecured! - Confirmed Ablation technology to be operational within weeks (late July/early August) - Site for our future client’s to see and touch the technology prior to committing to signing up….’ Following such initial tests, it is anticipated that clients may elect to mobilise the 5tph Unit to individual deposits to undertake further testwork or enter into agreements to utilise larger-scale units. As such the 5tph Unit has been deliberately designed to be readily transportable; capable of relocation on two semi-trailers.’ - October agreement – permit held to remove stockpile, good grades, no cost to the business (other than shared cost in the removal and transport) with 70% share of sales – shows me how flexible our technology is and the opportunities that can/will arise at very attractive terms for BLR! ‘The October Agreement is highly strategic, as it not only provides the Company with potential for near-term revenue, it will also ensure that the Ablation JV can demonstrate the efficacy of the 5tph Unit in a timely and controlled manner. Numerous other parties have expressed considerable interest in utilising the 5tph Unit, including many that have previously engaged the Ablation JV to undertake testwork with the currently operable 0.5tph pilot unit with considerable success.’ THIS IS A WIN/WIN
There seems to be a different tone to the recent announcement which I am encouraged by… defined timeframes, avoiding shareholder dilution if possible and very strategic decisions…. IMO and DYOR
Forward and upwards… finally starting to really feel good about this little company! IMO and DYOR
BLR Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
