Tuesday, April 04, 2023 6:10:20 PM
We are expected to give management a pass on every missed deadline (and YES there are many missed deadlines...)
Why did Mr. Sims set expectation in April of 2022 that the Demo testing would be completed within the 'upcoming weeks'?? That was very misleading and affects investors decision criteria concerning staying put in the stock or moving on........... Here we are a year later.... and we get a PR that looks pretty much like the last Demo Plant PR (an obligatory PR no doubt, just to satisfy investors that have been screaming for Demo testing status.... even tho the PR essentially said nothing new...)
It's always another milestone 3 months or 6 months out......6 months until SPAC merger we heard in Sept '22, 6-9 months until possible government financing we heard last month..... and of course the 3-4 years we kept hearing about 'imminent'/'right around the corner BIG FINANCING..... and each time the milestone timelines come and go and things inevitably and repeatedly don't quite work out like we thought (think 95% SUPRISE SPAC REDEMPTION as the latest example........ and we put that behind us as we are told to look ahead and don't dwell on the past by the eternal optimists........ SOOOOO.......we just moved on, still don't have any management leadership in the form of a town hall or a video explaining the developments in that regard (the abysmal redemption rate)..........
And the beat goes on..... and on.... and on.....
But don't complain cuz you knew that this was a long-term project and to insist on performance and adherance to timelines indicates that you are impatient and immature- shame on those folks who would like to take out any profits inside of 15 years, while you are still healthy and walking instead of drueling on yourself, and just willing the mine profits to your kids......
NCT-
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