RE:Q3 FinancialsHi Bailey,
I'm new to this story, and spent a few hours doing DD last night. One question: do you know why Jabil walked away from ETI?
Cheers,
bailey2 wrote: Are out on Sedar, for those who have not seen them.
.
Highlights- as of Sept 30, 2021
Cash 863,399
working capital 2,539,023
Revenue 573,572
loss per share .014 cents
Key highlights: Lab costs, Project development costs significantly decreased as
plant is fully operational and planned optimization has concluded.
Options- 9.975 million- average price .68. ( .25 to 1.65)
Warrants 3.385 million- average price .98
Shares : fully diluted- 87,981,000
Other than accounts payable, royalties etc. no significant debt on books.
Probably lost significant share value with Jabil walking away, but through that R&D we have to trust management that it made for better optimization of the end results and profits, once the feedstock peaks, at the Surrey plant.
If I looked at a mining company at 43 cents, or any other industry where the plant was fully operational and optimization concluded, and break even cash flow was a few months away, and achieving this, without debt, it would be a screaming buy. Can't look back, in the stock market, always have to look ahead. Time to start positioning for 2021. glta