GREY:SIXWF - Post by User
Comment by
lscfaon Nov 03, 2022 5:38pm
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Post# 35071163
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sixth Wave Moves IXOS Technology Forward with $50M+ Contract
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Sixth Wave Moves IXOS Technology Forward with $50M+ Contract At the time I assumed the $50 million was the size of the plant of which SIXW's tech was just a small piece. It's hard to believe that the SiXW tech costs $10 million for a mobile mining unit when the cannabis machines cost only $187,000.
Also, the NR says a 5tph plant costs $26 million US but the 100tpd plants cost $7.8 to $11.5 million US. Why the contradiction?
throwaway11 wrote: My view - is that I agree the company is being misleading/disingenous if it thinks shareholders will be stupid enough to believe that a $50m contract should therefore simply mean a higher than $6m market cap regardless of the fine print. ---But--- I'm not 100% certain what securities regulators would do, if anything, about that NR. There is nothing incorrect in suggesting the contract is worth $50m regardless of the costs involved or profit realized.
The fact that the company would attempt to make this juxtaposition raises a sense of unease. That's for sure.