Ann: First Ferrovanadium Production - Windimurra , page-22

re: Ann: First Ferrovanadium Production - Win...
I can't see the SP moving north till some big questions have been resolved.
When will meaningful cash flow start ?
How bad is the Cash burn ?

Will there be the need for another raising in the near term ?
How much is the "Ramp up" going to Cost?

Sounds like there is re-engineering on the go, which all costs big $$$ - when do we find out the price tag?

MM's placement will get "knocked back" if the value is still very low, which it will be, there will be some good reasons given, which will sound good, but he will pull out if he is going to take a hit like that (500K), and the reason will be for something else, like it did not get shareholder approval.
but it will still look like he was in support of and believed in the performance to date.

He has played if pretty well to date on the corporate level, but with no real results from the project.