Post by
Margin321 on Apr 23, 2024 8:11am
Some little tidbits from the IIF presentation April 22
1. Steveville production is over 50% of projected heading toward 75%. They won't say anything more until it is at 100%. Steveville plant cost $30 million. (Obviously Val Marie plant has to cost a lot less).
2. NA Helium has 7 plants producing, heading to 9 by end of year. Andrew talked about a possible JV to bring liquifaction plant to Saskatchewan.
3. I think Andrew spilled the beans on who our space exxploration customer is. He said the customer was "the largest space exploration company in the world". That is Space X.
4. He said they have less reliance on the public markets than their peers. That is not true for NA Heliun, which is private and is funding growth with private investment, cash flow from existing plants, and debt. He has to say, under these conditions of extreme low share prive going to equity market would be totally destructive to shareholders and would not raise significant capital, SO THEY WON'T DO THAT UNDER CURRENT CONDITIONS. Shares are under attack and secondary raises here would be disaster and just transfer any residual value to a new group of owners.
Comment by
Asdfghjk on Apr 23, 2024 9:52am
Thank you. Perhaps you should do their uodates for them or atleast show them how. One postfrom you gave me all I needed and more. GLTA