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Bullboard - Stock Discussion Forum Progressive Planet Solutions Inc V.PLAN

Alternate Symbol(s):  ASHXF

Progressive Planet Solutions Inc. is a Canada-based manufacturing company. The Company is focused on developing critical low-carbon and carbon sequestering solutions using its owned mineral assets and recycled materials to create planet-friendly products, which are being developed at its C-Quester Centre of Sustainable Solutions for the cement, agricultural and animal care industries. The... see more

TSXV:PLAN - Post Discussion

Progressive Planet Solutions Inc > Steve Harpur Zoom call today
View:
Post by 15Stanmore on Dec 09, 2024 10:30pm

Steve Harpur Zoom call today

The Zoom call today provided some further details on the proposed capital investments to improve production capacity and efficiency. Mr. Harpur confirmed PLAN had made applications under the BC Manufacturing Investment Fund to help finance the cost of the additions. This fund has two streams as follows:

Stream 1 - Project Readiness
 
Funding to complete final-stage business and project planning, including operational and technical assessments.
 
Funding Amount
 
Maximum: $50,000
Up to 50% of total eligible project costs

Examples
 
Develop a business case to expand operations or diversify product lines
Conduct an operational or technical assessment to improve processes or introduce new technology 
Early research, concept development and scoping are not eligible activities. 
 
Stream 2 - Capital Investment
 
Funding to invest in new or renovated manufacturing infrastructure, technology, equipment, and processes, including renovating idle industrial buildings such as an unused mill site. 
 
Funding Amount
 
Minimum: $100,000
Maximum: $10,000,000 
Total eligible project costs should be approximately $500,000 up to $100 million
Up to 20% of total eligible project costs

Funding Details
 
Projects should be initiated within one year 
Funding will be paid out in installments based on milestones achieved
Applicants will be asked to submit project documentation that outlines the project budget, other potential and secured funding sources, and demonstrates project viability

BC Manufacturing Jobs Fund - Province of British Columbia
Comment by Ciao on Dec 10, 2024 7:06am
EBITDA on track to double from last year. Intentional loss of low margin sales which was 10% plus of rev has been replaced with higher volume sales of current products spurred by incentivised sales team. Size of Pozglass pilot plant will depend on the amount of non dilutive bank financing they can obtain. Banks appear to be willing to provide debt financing though how much remains to be seen.
Comment by 15Stanmore on Dec 10, 2024 10:39am
Hello Ciao. The Zoom call was useful in providing additional details regarding several prior announcements and news releases. The loss of the third party source supplied raw materials should have dropped the gross sales by over $500,000, albeit these would have earned a much lower gross margin %. To see the new sales team generate sufficient new sales volume to completely offset this known ...more  
Comment by winnerswing on Dec 10, 2024 2:23pm
There are lots of possibilities with this cie. They have the primary material resources, from the mining properties, which is a big advantage.  Some predict Canada will merge with USA to from a 63 states country (including the 10 provinces and the 3 territories. This would avoid the tariffs. No more border! Canadians would have access to warm weather. Maybe the canadian dollar would be par ...more  
Comment by Polque on Dec 10, 2024 3:18pm
I will never vote for a merger with the United States and even less if Trump is their President... it is a world power that behaves as if they were alone in the world. In addition, Trump thinks first of all about getting himself cleared and pardoned for all the accusations that concern him, then his family, then his billionaire friends, his own country... then, I don't know if he is aware that ...more  
Comment by Ciao on Dec 10, 2024 4:07pm
The call will be posted this weekend. "Thank you for attending our webinar. The video recording will be posted to YouTube on Sunday afternoon."
Comment by Ciao on Dec 15, 2024 12:27pm
It's up now.
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