RE:NEWS Good news to the extent that they will finally start shipping product by end of July. One month behind schedule
but that was almost anticipated. What was not clear is the statment re customers for the anorthosite.
I was lead to believe that Owens Corning had contracted to take most of the first year's production, up to 185,000
tonnes and that additional customers would follow when new off-takes were in place. No mention of OC in the
release which seems odd and one wonders if OC have cancelled.Also, as I recall, the shiploads wer to be
around 30,000 tons not 15,000.
More clarity is needed concerning this , the state of their finances, how much product will be shipped this year,
have they contracted for future shipments, ect.
Don't want to sound overly negative but I can't invest again without more transparency.
GLTA