RE:Key word - finalizingMargin321 wrote: Royal, while finalizing trailer fill for its first deliveries, is also in discussions for additional offtake commitments for upcoming projects in 2024.
How long can they be finalizing. No revenue means ongoing cash burn. Just do it. Already.
Makes you wonder if it is this tricky to get the calibration right, how stable will that calibration be.
They do say the plant is operating. But what does operating even mean if they are not producing anything.
Likely they should pivot to more standard off the shelf purification systems if they are somehow able to get another facility on line, maybe at Val Marie or at Ogema. By the way they were supposed to have tested those wells by end of year.
Margin321, development of the Val Marie and Ogema well sites also come with the Saskatchewan government's tax credits which Priemer Scott Moe's government has estblished while Premier Danielle Smith just provides guest apperances. If they can get the Saskatchewan sites tested and prepared, if they meet the standards for development, the tax credits would be really beneficial once there are profits. Think back and you'll remember all the company hype on the Saskatchewan's tax credits to support that industry in the hopes of making that province become a major helium producer.