"Carog is one of them", come on RD stop lying and implying things made up in your imagination.
I just happen to have a master degree in law among other things so it's likely easier for me to see different possible legal set ups of the spin off than you apparently can. I'm saying stop speculating about things not being
communicated and that you don't yet know how they will be finalized.
The agreement that you are referring to is signed the 17 January 2013. I guess that there been some developments since that time when it comes to both know how, technology and the combination of both.
We actually know this from Dr Ostrowski (one major know how improvement since 2013) and I guess everybody will get a better view of that after his presentation. The difference between designed capacity and targeted capacity in that document is the difference between 400 000 tons and 300 000 tons. In the PR they mention a designed capacity of 2 million
fingerlings per tank compared to 600 000 being stocked. Looking at production forecasts I'd like to remember that they were based on 600 000 fingerlings per tank in the forecast leading up to 10 000 tons in phase 1 second stage. But I will follow up on that, since it's extremely interesting to say the least. And of course I don't want us to get the wrong hopes up but it certainly looks like increased potential compared to how I remember it.
Concerning capital expenditure up to date in comparison to what is completed I have already talked to Erik about the need for a better update so we can understand how the project is working out financially. Right now we can only speculate without those facts, like you do in your post again.
Another thing is that we don't know if Solomon is just being conservative or unspecific when he says he will finish phase 2 of stage one within the year, he might be aiming for a more exact date that is sooner. We just don't know and we can't really know if it's a delay and if so, how long construction wise and what will the impact be production wise etc. We need a more detailed project update to have a better clue. I believe we will get that though.
Maybe Solomon has learned his lesson not to over promise. As I said in earlier post; I think we are seeing signs of that in this latest PR.
Another general truth in big projects, especially in projects like this when you repeat more of the same is that, delays usually occur in the beginning of the project but you make up for them as you go along.
Another thing communicated is parallel recirculated open dam production at the project sight, it was in the last 10 q if I remember right. That was also a positive news that hasn't been quantified or explained in detail yet. But it certainly seems like something that positively can impact production numbers as we go along.
One thing that we can be certain about is that this project will grow on itself as you go along and grow wiser and learn from your experience and your mistakes. That is an exciting thought or perspective. This project is a development that is constantly moving, you can't just only look at 3 year old documents even if they do provide you with a great deal of facts to start with. A lot of positives and some negatives has been communicated since January 2013 that we have to complement our analysis with.
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