RE: RE: RE: RE: RE: RE: RE: RE: RE: Where to now? Originals,,, I think you make the relevent points on sales of HPA.
You can't sell what you don't have.- It is a secret just how much production is actually happening in the plant but if recent history of RBs blurring of the truth is taken into account then I suspect that the true production is at the low end of the "less than one tonne per day" riddle that RB is promoting.
We also don't know if they are batching every day or just once in a while. This of course is ridiculous that, this is being withheld from us but it is typical of RBs style. Add to that that they have run out of feedstock and have to buy any new feedstock to run batches at the plant. Basically they have to buy SGA to turn it into HPA at the present time.
They can't produce their own SGA because lo and behold the much touted "commisioning" did not include the incorporation of the "front end" of the plant. This whole commisioning thing is what riles me the most,,, did anyone really think that "commisioning" meant only starting up one end of the plant?
This was the biggest single BS story that was withheld from us. You spend all of that money on a plant and brag about going into production and then commisioning ends up being utilization of only part of the plant in batch mode. That was an outragious manipulation of truth.
The end result is that they have very little product to actually sell and only promises of future ability to produce significant quantities 12 months from now if everything goes right.
That is a hard sell at this point.
If you were a customer would you commit to purchasing agreements based on these facts?
Not likely.
Veolia is the key now, not just for money, but to get a better corporate governance in place, which will lead to a new plan going forward. More planning and less BS.