RE:Gordo & Red DeerTo me they are still trialing and learning, but they are on to a good idea. Two valuable outputs, electricity and formulated pelletized manure as fertilizer. The core idea works.
The tech unmistakably seems to work in that it turns manure into something. Guess the upcoming testing at local institutes and colleges will tell a tale as to formulations.....which can be tinkered with as the company learns more and more
Encouraging is that all output in Strathmore is spoken for
I like the US feedlot deal because that is where this replcates and scales. Feedlots are prime sources of manure. What the company is going to learn there is also important
The UK deal's a good one because it adds capabilities to tinker with the formula
Capital structure is tight at a newly reduced 44mm with about 5 reserved for issuance, and the upcoming 30 cps pp which, if fully subscribed adds 16.7mm in shares plus half again if all warrants are exercised....which would also add 3.6 million to the kitty for the warrants conversion.
Use of funds of the capital raise is reasonable, and all documentation is pretty transparent that this is still a developing opportunity
Is it worth 30 cents...if so....do you go for part of the PP and grab a warrant??
Will know outcome in a few days when the PP closes