Nah, #1 was down for repairs temporarily replacing the Chinese reactor. #2 is up. #3 up next.
Production allowance doubled. Reality is the ultra conservative CEO forecasted the quarter that begins in 5 months to be cash-flow positive. That's a massive increase in sales to achieve that which also means there's going to have to be some acceleration of sales between now and then.
I'm guessing bare for cash flow positive is $1 million in fuel sales per month (I like using easy round numbers) so he's forecasting a YOY increase of fuel sales of probably more than +1,500%. That's a rather massive percentage increase to be achieved in the quarter that begins in 5 months. Which means we should realistically figure fuel production and sales over the next 5 months are going to ramp up considerably.
The "truth" from the AGM is that production and sales are forecasted to go up over 1,500% (unless they will achieve this from a serious cash burn reduction) and immediately be cash flow positive as a result? I wish all of the unprofitable stocks I invested in had this "disappointing" reality. Certainly not a single other green energy process in history, without government handouts, has gone from small sales to cash flow positive and massive growth in sales in 5 months.
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