Just wait until........
- 4 years ago it was "Just wait until the BIG F happens.... it's imminent and everyone is going to see what a great project this is"
- Over the last 4 years we have waited on 3 Feasability Studies, each of these was going to be the one to catapult this project to the next step relative to financing...... (many investors wonder why the company did not pursue viability analysis for REE's and workflow process improvements (Demo Testing) DURING COVID when FINANCING OPTIONS were FROZEN..... would have been great to get the testing out of the way while business financing was at a standstill and the 'dead time' was being put to wise use by the proactive CEO's.......still scratching head, but i digress.......
- A year ago April '22 we were told (by Jim S.- in an email to me that was sticky posted) that the Demo Testing would take weeks, as it was essentially 'confirmatory' to what they already knew... however they had to run thru the testing and get the numbers to populate the new FS..... that was a year ago!! and every quarter or so we get a breadcrumb of status update, usually saying that there was a breakthrough success in testing and the completion of testing will happen in the ' upcoming weeks' or the latest PR said Demo testing completion estimated for April/May.... again, this coming a year after we heard that testing would wrap in weeks.....
Riddle me this..... If the Demo Testing Results and the updated FS is what the world is waiting for, it is the holy grail, promising to quantify all CE/REE amounts, improved purities, revised CAPEX, revised OPEX, streamlined workflow process(s) , etc.. etc... and presumably these new numbers are going to be very appealing to financiers....
THEN WHY IN THE HECK DIDN'T MGMT TREAT THE DEMO TESTING COMPLETION + FS UPDATE MILESTONE WITH THE HIGHEST PRIORITY??????
They should have done everything in their power to ensure that the Demo/FS was completed before ringing the bell, so they could have gone on the talk circuit and promoted the heck out of the project. Now we sit on NSDQ floundering and drifting like a boat without a rudder, waiting for the new savior (Demo results + FS) , This is not the timing or sequence of events that NIO or shareholders ever envisioned i am sure!!
Back to the Demo testing environment.................. Even if it took 2 shifts per day by L3 in Quebec to accelerate the Demo testing component to be ready for the NSDQ launch................ Instead, NIO was wasting 3-5 months just getting Demo testing equipment/infrastructure set up for the Demo testing (we all recall the Kiln 4 month backorder and insufficient HV power in L3 Quebec facility debacle!! )
These constant chineese fire drills and missteps do not inspire confidence in the shareholder base who have been VERY PATIENT and tolerant over the years.... and I am SURE these constant debacles do not inspire confidence in the Financial community..... witnessed by the abysmal track record of executing on financing at any stage of this project , i.e., financing options A B C D E.... 'competitive tension' blah blah blah blah......
Comon' guys..... you are driving a high performance Ferrari on the Autobahn (Elk Creek Project), but you are acting like you are driving a Prius..... show us some business accumaen and prowess..... not the financing shell game without execution that we have seen in the last few years... This latest wiff/debacle the SPAC merger has everyone scratching their heads AND their butts..... for folks that have been in the mining industry for over 40 years (and all that other good bio stuff) it certainly seems to most shareholders that are paying attention- that we got taken to school on the SPAC deal.... maybe the NB lawyers should review the terms (specifically redemption penalties) more closely next time.... before we see greedy industry Gekko's walking away with millions while we get no financing proceeds.......and are stood up at the alter waiting for the groom to show up.....
Am i critical here.... Heck yeah i am..... i have seen mgmt try hard it seems, but spin wheels and get no results.... do i think they are trying hard.... for the most part yes.... however it is time to 'make hay while the sun shines'.... we need execution of plan during these critical junctures in the GANT Chart...... whoever can execute... we need to strike while the iron is hot.... not 6 months or a year later........
This is all IMHO...... and respectfully submitted....
NCT
News 
Market Data 
Discover 
