https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion/topics/779120-hey-bernard-how-are-things/messages/2359233#message

Hi Wherejackbenny,

 

No worries, I am doing fine...

 

You are correct, I do have a sense of humour, but more in a self-deprecating way...

 

I get it that people are trying to get a sense of what is going on with the PUREVAP QRR pilot plant project, but I cannot and will not try to give more "colour" to what I meant by using the terms functional, because that is not how one runs an R&D company...

 

If you go back to the last press release, we stated the following...

 

"This final phase of the program will allow HPQ to validate and quantify the following PUREVAPTM QRR disruptive advantages identified during the previously completed Gen1 and Gen2 PUREVAPTM QRR testing phases:

 

  1. Produce silicon material of higher purity than any traditional processes in a single step[1],
  2. That it can do so without the need for extremely pure feedstock required by conventional processes[2],
  3. That it only requires 4.5 MT of raw material to make 1 MT of Silicon versus the 6 MT required by conventional processes[2, 
  4. That it does possess a significant cash cost advantage versus the lowest cost traditional Silicon producer[2].

 

[1] (HPQ February 26, 2019)

[2] (HPQ June 17th, 2019)"

 

and then we further stated:

 

"As the test work advances, HPQ will commence:

 

  1. Using the material for downstream testing and production of more HPQ high-value add products,
  2. Providing samples to potential off-takers to allow product customization, and
  3. Planning the deployment of commercial-scale production systems (PUREVAP™ QRR 4.0) capable of producing 2,500 tonnes per year of high purity silicon material."

 

Now the only thing we did not give was an idea of the timing of when we believed we will reach these goals, other than stating that the program was originally to last up to 12 months...

 

Based on my past track record, I think that it is better that I stay quiet on the subject of timing until we start reaching these goals.

 

Now the problem for high-frequency traders, speculators shorts and FUD agents trying to influence investors' actions is that they will use my silence to push the false narrative that we are experiencing problems with the testing... 

 

But that is further from the truth, and as time pass, we will regain control of the storyline with every milestone we will announce...

 

That is why from time to time I will remind investors, that A) often no news simply means we have nothing new, and B) Pyro is confident enough in us reaching the milestones that they have completed a large PP in HPQ at a premium... This makes HPQ a rare opportunity whereby retail investors can buy shares in a company below the last price paid by large shareholders...

 

Regards

 

Bernard Tourillon