TSXV:PQE.H - Post by User
Comment by
stockshackon Sep 27, 2022 10:27am
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Post# 34989208
RE:RE:RE:RE:RE:RE:RE:RE:RE:Petroteq & Valkor
RE:RE:RE:RE:RE:RE:RE:RE:RE:Petroteq & ValkorAll true, there's bound to be hiccups. My money is on them being successful.
HayField wrote: This growth plan appears to be old - e.g. under Phase 2 it says FEED due to complete Q2 2021 instead of saying FEED completed June 2021 ... the FEED has been completed and a report produced saying, if I remember correctly, that it does work and it even estimated how much it would cost to build a 5,000 bpd plant ... what we need now is a new plan - where will they get the money to pay for builidng this 5,000 plant, when will they start building the plant and when will it finish and do they have the permit they need to produce oil (think there were permitting issues when they ran the 'proof of technology' plant). Until they issue a new plan I don't expect any upward movement in the share price ... unless there are more companies who sign up to license the technology, build their own plants and pay royalties ... and so far they have announced a couple of these but no revenue from them yet.