Latest email! Im not trying to hide information, its just alot easief to have a conversation amongst several people when its in a chat rather than a message board. Here's the latest response I got.... I just copy pasted the reaponse. Most of it is the same stuff thats been repeated for two years now. Based on the huge selling and depreciation in share price I think this is done. Dissapointing but Just my two cents.
We have spent more than $15 million on engineering and studies on the Bowden site and re-refining technology development over the past 2 years.
We are continuing with financial backer due diligence for the funding of the Bowden facility at the project level.
We are waiting for the release of the final site permit from Alberta Energy and Parks….we believe it will be issued shortly.
We update the markets every time there is material information.
We continue to secure additional feedstock and offtake interest while the due diligence processes are ongoing.
We cannot publish interim releases that are repetitive, suggestive or contain wishful thinking on our part…even if we are extremely optimistic.
Respectfully, we have delivered significant milestones over the past two years.
Each milestone is required to de-risk the project in order to secure project financing.
Backers for $120 million do not simply look at the projected EBITDA and hand over a cheque.
It is an extremely granular process.
We are in tax-loss selling season as people crystalize paper losses and put additional downward pressure on the share price.
Appreciate your frustration but these are the realities of a development project.