RE:RE:Benchmark International has advised on the successful sale
Shovel ready early 2015. This has always been the plan and hasn't changed as much as I know. There is still enough time for financing.
Production 2017 according to BFS, but Don stated lately that he still believes in 2016.
I understand that we are all nervous about financing. We expected details in 2nd quarter. We still expect some in 3rd quarter. Don stated recently "this year" what could mean end of 4th quarter.
Anyway, there might be good reasons about the delay which one day we will very much appreciate.
Just as an example: How could FMS inform us about an offtake with Panasonic BEFORE Tesla officially announced where the Gigafactory would finally be settled ?
LG might be another potential offtake partner.
Recent news made clear that FMS and Grafoid could also go their own way in quite a different direction.
We will see. All we need is patience.
What is a 1m cash burn in half a hear in comparison to the 51m net income they will make according to BFS a year when in production ? Peanuts isn't it ?
It's just all about financing.