RE:News Release Aug 16, 2019 - Third TrancheNo suprise that the additional funds were needed.The money had better last until they start to receive income from sales. I noticed that the MV Happy Dragon has an ETA in Charleston of Aug. 24th. We do not know to whom the supposedly 15,000 tons of anorthosite is to be delivered to nor at what price. I mentioned in a previous post that there was no mention of OC,but according to past info OC were to receive the initial product with the contract allowing for up to 185,000 tons the first year as I recall. The Company has not advised shareholders otherwise but this appears to have changed.
No mention of the successful delivery and installation of the new motors which will be critical to ensure sufficient anotthosite for ongoing full boatloads with resulting income to keep the operation afloat.
There is so much more info that investors need to determine action to take but I will not repeat all my concerns again as I am sure most of you are already too aware of the deficiency previously alluded to.
Investing is presenly impossible for me at this time but I wish all longs good luck.