RE:RE:Hows that Australia project coming along...?Dude, it was hyperbole. See: bush people
1- another strawman. I never asked when they would receive their license, as I dont pretend to know. What I do know, is they failed on the maple ridge application, and have yet to receive their LP for Laval. Many applications sent in after they submitted (Dec 2017 I believe) have received their LP and LC.
Sure it is a deficit. How will they complete the 250 Million cost for Weedon?
Sunmark - Yup they aqcquired a company that "is in stages to apply for a license". Not even a "a late stage applicant" haha. Youre a CPA, figure it out. I could start a company and be "in the stages to apply". Christ one could be in inception stages and be in "stages to apply". It's another misleading news release. But by all means, soak it up.
Ive spoken to the Alumina sheet before. This funding would only get them the expansion to Laval from 10k to 18k. And again, this could also be fluff news. Maybe they have the option to use UP to 25million? What if all the companies Alumina has term sheets with come calling for their money? Do they have half a billion in liquid cash? Its just my opinion, but this news release with Alumina stinks, like many of MYMs previous releases. All we have to go on is their past track record. And, what do they have? Some potential, and future projections.
They prepaid the first round of construction with Weedon, so that 2.7mill I dont think pertains to that facility. Even if so, it accounts for 1% of the overall cost. ONE percent!
Ill admit I havent checked the latest releases on cedar, but last I saw they had roughly a 12 million deficit.
Ive never once said I told you so. I bring up, what I consider to be, valid concerns. You never address any really. Just move the goal posts. You're insufferable dude. Its like you're management with MYM. Cant see the forest for the trees.
Please, do tell.... what does MYM have? I see a poultry laval facility that has been wiating for an LP since 2017, and some framework done on Weedon. keep in mind Laval was supposed to be growing in spring LAST year, and Weedon was supposed to be in Phase 2 constrcution (300k sq ft) by NOW. Theyve since reduced these projections to Phase 1 and 2 being only 30k sq ft. Red flags all over the place. How do you not see this?!
Our only hope is Weedon, and that is years away. keeping in mind Im holding shares, but dude lets call a spade a spade. Weve had these back and forths for a year, and theyve made no progress.
In my opinion, Im just trying to give people as much info as possible when deciding where to invest their hard earned money. They are just opinions and my perspective, which Ill admit is biased/slanted to the pessimistic side. But thats because of past failed deliverables. (Of which Ive mentioned countless times)