RE:RE:HUD provides updateOne can only hope that the NR filed after the boat is filled will have some details regarding which companies will receive the material. It is possible that some of the boat will be filled with the "+30% iron-rich waste product" (Greenspar 1000 - perhaps to make rock wool?) allowing OC to receive the bulk of the iron-free Anorthosite. They have also indicated that another fiberglass company is interested in their product.
One would also hope that the 3 days shutdown will allow for replacement of the defective motors. This would appear to be critical for improving their poor mine production. I am not sure we can survive with producing 15000t every 6 months (production did start in Feb)
One can only speculate that the slow accumulation of material is partially from this and their workforce issues given "competition from government for manpower" <Hudson July 2019 presentation, slide 23>
The company's presentation states under growth opportunities... "construction of a processing plant in the US in the next 3-4 years to meet expanding demand. They don't state whether this is the critical micronizing plant that will be needed for the paint and filler business (Greenspar45). This is hard to imagine if they plan to announce their 1st paint customer in the next 4 months. The alumina business is not even on the radar screen...
I agree Hideaway - this has been a very long and slow road to travel with very limited information on which to base our investing decisions