that comment about shareholders would have bailed at $6+ if they knew the real timelines is spot on.
original timelines would have kmp currently producing 50M+ profit p.yr and other locations for metal plants underway,
back then we made decisions based on company information at the time and as it turns out that information was vastly wrong and importantly took a very long time to be corrected
contracts is what we need without Q, agreed. There is no confidence in any prediction or model at this point until this happens. We need commercial production proven. Given the target for 600 tpa (break even apparently) for H1 23 was made in oct22 and we are now apr23, with what was it 1 x 50t contract, it seems unlikely they will reach target imho.
this has chronic amazing potential but it needs to make progress and put some sort of score on the board, anything material will do, because at the moment all we keep getting told is how well they are hitting it in the nets
lets be honest, although progress may be going on behind the scenes and I hope it is, we have had no meaningful public announcements for 6mths
ASM Price at posting:
$1.35 Sentiment: Hold Disclosure: Held
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