Yes, Ucore VERY promising, for many reasons!Okay, the cat is out of the bag. Spinouts of assets are on the table. This is something I've wondered about for the past six months. I guess delivery of the pilot plant was a prerequite for spinouts, which makes perfect sense. My concern (asuming the pilot plant operates as advertised) is that Super-Lig MRT faciliites won't be able to be built fast enough to move the needle. However, the spniont / hub & spoke model speaks directly to that concern.
If assets that are spun out could rasie their own capital, thereby avoiding equity dilution at the parent (mothership as Jim M said), that would obviously be great news for all. Now we need to see announcements of MOUs / LOIs with partners that are serious about moving forward with Ucore/IBC.
I want to hear about the possibility of large entities interested in MRT funding working capital for systems that they contract for. For example, having a customer pay 1/3 upfront, something like that. It seems to me that should be a viable proposition to any customer ready to pull the trigger on a MRT system.....
Ucore has the wind at its back with MRT at this stage. I think the Company has been greatly de-risked with the pilot plant & fundings. To be clear though, there's still plenty of risk. But, the upside is strong for those willing to be patient!
Hopefully, we won't have to be that patient, but it's hard to tell. Jim M. did mention "long-haul."
One thing I think could be at play would be an announcement of a very attractive contract (MOU LOI) or whatever. The contract would give visibilty of the type of deals that are being worked on. That hypothetical contract might take several quarters to get up and running, but at least investors & shareholders would get a sense of what's to come. 2017-18 could be really big for Ucore/IBC (Super-lig MRT).
The Company has stepped up the MRT dialouge with a new corporate presentation, at least 2 white papers (acadmic papers), the Izatts speaking at conferences and stuff like that.
Hopefully we will get a taste of all of the excitement within the company. Make no mistake, a geat deal of de-rising has transpired since early March 2015.