RE:RE:Insider buying: Dennis Geoffroy Dennis Geoffroy is in a unique position to know how progress is going with the ongoing work to upgrade the Candiac facility.
Dennis Geoffroy just bought 10,000 Nano One shares with his own money (circa August 2023).
Capital projects are difficult to execute on budget/on schedule. Additionally, Nano One is not very experienced managing capital projects to upgrade facilities like the Candiac upgrade project.
Dennis buying Nano One shares is encouraging and potentially a signal that the facility is looking promising. Project delays and/or cost overruns and/or poor quality results (due to equipment performance) will have further negative impact on share price.
Quotes from Dennis from a recent article (circa July 2023):
"...we have been producing tonne sized batches successfully in the existing commercial scale equipment for a few months now.”
"“We are on budget, on time and on target to have our first 200 tonnes of capacity commissioned by the end of Q3 producing samples for third party commercial evaluation, with volumes up to 2000 tonnes, to follow in 2024,”
https://www.thearmchairtrader.com/nano-one-battery-materials-lfp-technology/
good luck to all the longs.