SmilingDog wrote: I thought there were many important takeaways. Plant 1 is around 50tpd and more importantly (given it is 2x the size + what expansion plants will be modeled after) plant 2 is nearing completion of construction, will be commissioned and start ramping this year. I thought Ryan sounded very confident around everything. No doubts both plants will reach targeted production levels.

There's not much discussion here on LUX - I recommend checking out the Penny Queen discord channel where there is very active conversation - here's thte link: https://discord.gg/dsCDkEwm

 

Thank you for the take always, I haven't looked for a video on it yet but there likely isn't one...

Plant 2 was supposed to be completing construction last November-December, that's a rather large pi$$off that it's +8 months behind because of a major part needing to be re-manufactured...

There is anouther frustration for me that the 'plan' they laid out and were pushing for a couple years was the completion of 2 full-size plants per year at various locations (which I thought was a bit aggressive this early in the companies life), we have had 2 new countries signed on for future, but I haven't heard anything about plants 3-4 placement, let alone construction. They have the funds in the bank to be constructing the next 2 plants so that's not an issue, I don't see why plant 3 shouldn't be in construction phase at this moment, yet I don't think I've even heard of a confirmed location yet as I thought it was going to be in Costa Rica for a couple more plants, but they have announced Brazil's eagerness to start ASAP and now Colombia being worked on...

We are starting to get well off the targets I signed up for, Covid can be blamed for part of it, but with other smaller issues relating to reporting and delaying other things, it's seeming like incompetence at some level is an issue and I don't know where in the chain it stems from but Ryan Jackson is the man at the top and seems like the fall guy, maybe they need more help somewhere in the chain.

I love the plan and outlook for what the company is working on and am trying to talk myself into adding shares at these attractive levels, but the management inability to keep things inline is holding me back.