RecycLiCo Battery Materials Inc V.AMY

Financial shape for recyclers

[Wojo1963]

There was a quesion about weather AMY's  competeitors  are making a profit. Previously I had looked at the SEC submittals for Licy and ABML. . Licy has brrowed hundreds of millions and for the year ending July 2021 revenue is 30 million in the red. ABML just borrowed 42 million at about 6%. They revenue is 41 million a year in the red.

AMY is in much better financial shape than either of these to competitors.

[LionOne]

Wojo, There is an old saying, Figures can lie and liars can figure. Borrowing money does not equate to Revenue plus or minus, If you don't understand basic accounting principles, you have no business investing in any stock. ABML is building a 20,000 ton per year pilot plant. Yes they borrowed money at very favorible terms. LiCycle has already opened commercial plants with feedstock agreements