BioExx Specialty Proteins Ltd BIXZF

Possible delays

[posty]

I'm well aware of production start-up issues having been in the process side of manufacturing and having started
up a number of new units and processes over the years. There are a couple of issues that may cause longer delays than were initially expected.     The internal audit also noted that further production volume improvements would be required to satisfy the physical compliance requirements of the external audit and a plan has been established to allow the plant to achieve this volume prior to the external audit.
   This seems to imply that they would have to maintain a certain level of production to qualify for the Audit. In a
new process this can be quite a challenge and is hard to put a time line on, especially in a one of a kind process. I'm confident that they will get there but it may be longer than what the market likes.

Most of the challenges have been encountered in the extraction area and the clean-in-place system, both of which limit protein production and meeting human food specifications.
This makes me believe that they are having trouble either reaching protein quality levels or maintaining them, for human consumption. To reach the quality levels required is not as difficult as maintaining them day in day out. Once again I think they will get there but may cause a further delay
This company has a great future, we just have to be patient GLTA