Post by
Margin321 on Jan 04, 2024 4:07pm
Press release
Whoever writes RHC press releases drives me nuts
1. The headline says "AS THE COMPANY PREPARES TO DELIVER ADDITIONAL TRAILERS". What that means is the next trailer has not been sent after 15 days and that the purification processes are still slow, not operating up to specs, and are being tweaked. Proof that there is no new information can always be had by seeing if there is any possibility of reporting the opposite. Could they have said - "The company is not preparing to deliver additional trailers". No, obviously not! The comment is nonsense.
2. They state that the plant "is capable of producing up to 22,000,000 poundsof commercial CO2".
Commercial CO2 is not the same as food grade CO2 that they have been touting all year. And "up to" leaves a lot of leeway.
What the announcement really says is that the last minute costs on the facility have added an extra $3 million to facility costs requiring a further increase in bank debt which has high interest and adds further to ongoing expenses.
These are relatively minor points but they could do this better. Of curse they are preparing to deliver additional trailers of helium. The plan is to deliver 22,000 MCF per year. They have talked about 22 million pound of food grade CO2 at 50 cents a pound or 11 million a year. Let's watch and see how that plays out.