RE:RE:RE:NRWe may not see much price movement for a while. The additional funding needed may even take us down a few more pennies when announced.
Once we get full production underway and our first shipment delivered we should start to gain interest within the broader investing community.
The additional agreements expected this year should be the start of our rise. However, this will not happen overnite as a lot of groundwork will need to be done beforehand. I believe that Jim has been strategic with the two very qualified indivuals he has added to the Board and their knowledge will be a great asset as we progress.
I hope they can come to an early decisions with Carver Marine for the port facilities needed to micronize and store the anorthosite required by the paint and coatings industry. They also have to obtain approvals for expansion of the plant in Greenland as well as the the financing to do so.They have the opportunity to make alternate arrangements with new agreements and perhaps introduce some novel approaches to finance the increased production requirements.
Lots os possible situations to overcome and implement over the coming months but we have reached an important milestone with commissioning completed. The Brazilian company that installed our grinders made quite a mistake by using the wrong motors. One can only hope there is not any further issues with the machinery as parts and qualified techs coming from that country would take time to arrive and fix any problems. Time is not necessarily on our side to get cash flow positive as there is a lot of operating and admin expenses to be paid as well as considerable interest and principal payments over the coming months. It is going to take management capabilities to meet these demands and failures to meet endpoints will be costly and difficult.
However, we are on our way and with great execution and planning we should be well rewarded for patience.
GLTA