They have to build a plant first, 330,000tpy starter model at least, to make TK economically, instead of in little pilot plants ... so, they need to raise the capex to do so .... this is from the 1Q15 posted on the website -
'Financial condition On March 31, 2015 the Group had current assets of $5,773,000 and current liabilities of $181,000
providing a working capital surplus of $5,592,000 which represents a decrease of $664,000 since
December 31, 2014.
In view of the level of the working capital surplus, the directors consider that sufficient funds will
be available to progress the Group’s planned development programs and that it has adequate
working capital for at least the next twelve months.
However, the existing funds will not be sufficient to bring the projects into development and
production, should it be warranted, and in due course further funding will be required. In the event
that the Group is unable to secure further finance it may not be able to fully develop its projects,
which may have a consequential impact on the recoverability of the carrying value of the related
intangible assets.'
verdepotash.com
... so yes absolutely, it is a sales pitch, very crucial one too ... fingers crossed that there are people ready willing and able to listen, and to part with the bucks |
