RE:RE:The window for success is nearly shut "the refiner not paying for 90 to 120 days"
IMO, this is just another one of their lame excuses. First of all, this process should have been running after their "grand opening". If it had, they would be getting paid right now, and it would not be a problem. They had 6 months after the originally promised June "full production" date.
Now, if the process really was running, they would have no problem getting a loan against the black powder while they wait to be paid by the refinery. Unfortunately, there is no indication that the process is actually producing any significant amounts of platinum. I doubt we are ever going to see the second shift they were talking about because they still cannot get the first shift going.
This fiasco has been exposed, and nothing management promised has come true. The stock is not even trading anymore because the bid/ask has become a joke. After the money from this latest raise dries up, the next step is probably bankruptcy.