Post by
Margin321 on Dec 18, 2023 9:23am
Key word - finalizing
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.
Comment by
Margin321 on Dec 19, 2023 12:46am
Yeah the trip into Alberta proved very costlty, a 0.4% helium source and a 20 million dollar (plus) processing plant that is not producing helium yet.
Comment by
TheBridge on Dec 19, 2023 11:49am
Well, we still have hope. I'm hoping for what that old song brings "All I Want For Christmas Is Some Helium, Helium, Helium."