RE:RE:RE:All the secrecy reminds me of an old storyThere is a difference between posting concerns and posting that you think HUD is doing something fraudulent as MAXMOE continues to do. There is always risk and everyone needs to do their DD.
When you look at the facts HUD has a long term supply agreement with a major, global e-glass company.
Their latest NR talks about their ground products, primary GreenSpar 45 and 15 that have been MADE into 2 paint formulations and 1 clear coat formulation and tested those formulations head-to-head with a premium silica free paint and clear coat filler/extender. These are great results from a third party paint/coating lab that is very reputable in the industry. The NR mentions the market size, which is clearly different from the e-glass, and will diversify and add more value to the sand they produce in Greenland. Its clear that HUD has not annouced an off-take or contract in this market but say things are favourable so far. As a share holder, I consider this very good news - market diversity and value add are things I like to hear from a company I am invested in.
Looks like they are gearing up for startup and commissioning soon. This will allow them to supply a customer they already have. They need to focus on this as their top priority, or that is my opinion.
There is always risk, but I see HUD as having a very good project, with a customer, and now they are almost there!
Obviously this is my opinion; due your DD and formulate your own conclusions.
GLTA