RE:RE:RE:RE:RE:RE:What news are we expecting?Thank you TheShare for setting BCONT and KJS straight. Pretty clear now that BCONT is not about facts, but about the positive spin regardless of factual accuracy.
TheShare wrote: This is really annoying BCONT
From the latest outlook 2024 May 15
Financial
Payments for Outstanding Major Receivables:
The Company has remained in continuous discussions with Radian Oil and Gas Services Company regarding the outstanding receivable of approximately US$8.0 million under the Company’s existing $25 million+ Drosrite™ contract. As previously announced, PyroGenesis agreed to a strategic extension of the payment plan, by the customer and its end-customer, geared to better align the pressures on the end-user’s operating cash flows created by increased business opportunities.
These discussions have been positive, both in regard to the ongoing payment plan, and in regard to a potential new order of additional Drosrite™ systems, as the client’s cash flow situation and business opportunities continue to improve.
As noted in the 2023 year-end Outlook, the Company now expects payment of the balance of this receivable to commence in Q2 2024.
You have to stick to the truth to be considered serious
Thx