Conversation with JSL at VRIC This morning I met up with JSL at the VRIC.
I'm pleased to report that JSL was very responsive and approachable and thank him for giving me a 20 minute opportunity out of his very busy schedule to met and chat.
We discussed the unusual and above average volume trading that we noticed over the last couple of weeks. He mentioned that some institutional Investors had changed their policies regarding junior venture exposers and are in the on-going process to clean that up. It is my believe that the weekly volume expressed on this board, could take on other couple of weeks, before we see a more balance trading take place.
It was also reassuring to hear that prudent cash management is followed strictly.
The ongoing enquiry of the permitting process by the government is obviously testing everyone to the max and still remains to be seen whether this process will finally be resolved. It is possible that new question could emerge, again more time would be required to complete this process further to a satisfactory resolve.
What I didn't know, once everything is in place to build, it would happen very fast.
Apparently all that would be needed is a building pad on site, a building to house all the component which would be build in Australia, then shipped and installed like a puzzle. First test batches to prospective customers would be ready before the year is out.
I did ask about the moving of the high power hydro line. Permits are in place for that and it would only take 2-4 weeks to complete that task.
I am confident that all will be coming together before to long and hope for a 2 buck party soon.
Bae