No news are bad news!The dredge was delivered at the end of 2020. It is not a sign that things are looking up. I guess it was paid by a letter of credit a long time ago. So delivery was a result of a long time ago purchase!!! In November 3 vacancies were filled. But again the company might have only replaced staff members. A fluctuation is only normal. What strikes me is, there are hardly any presentations on the internet to appeal to new potential investors.
It is not certain that BlueChemical will aquire a larger share of the company. They invested 24 million CAD years ago and since then it was not depreciated in their annual report 2019 but only listed as a none material investment in a joint venture with Benewood Ltd.
I think if Benewood or BlueChemical are not willing to commit more funds the company will go down the drain.
For the moment there is someone who props up the share price at 16,5cent in TRX and 10,5cent at the German stock market. So is there hope? Time is slowly running out. Sad!