Ummmmm. I don't recall that a quarter was declared to be CFP. I do recall that Q1 was EXPECTED to be CFP prior to a series of unexpected negative events.I also recall that the company provided guidance when it became apparent that CFP wasn't going to happen in Q1.
No, the "grand feat" is that cost per gallon is going down while revenues might actually accelerate due to uptime. What happens then? Margins go wild, that's what.
Remember, they have hundreds of tons of crayola coming in (along with others) and they have fuel customers, big ones lined up buying (yes US Steel) All they have to do is show one quarter of 60-70% uptime on P2 and P3. And THAT would be the really big "grand feat." If they do... it will be a very big deal.
The news from my neck of the woods is: Bordynuik remains focused and determined, and has more stamina than many imagine. I would never bet against his ability to solve problems.
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