Right on cue…….good to see our barking was heeded! (Just joking!!)
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Great update GO 2022 !
Someone needing a bit of spare cash, 50k out the door at 62c.
I'm sure there will be many smaller holders questioning this and maybe losing patience now as it is clear the growth has been pushed out a couple of years with the delays, mostly COVID related. Not really surprising.
I'm happy to be patient with this one for the next few years.
Is definitely one for patience Iceman. FY results not that far away, and not likely to be stellar. Well delayed with expansion plans/Covid, but think patience will serve holders well long-term.
Not a buyer, but maybe will be if someone gets impatient.
The chairman updated on the 23rd of December.:
https://www.usx.co.nz/uploads/paperc...pdf?1640291574
"The 1,200sqm build at our Port Hills site is complete with some minor processing underway. To move
to full processing functionality, we await the receipt of a 2,000kg freeze dryer that, due to its oversized
build, has not been able to be shipped since its completion in March."
An update from the above.
The freeze drier has now been shipped.Not sure whether it has arrived.
Once it has arrived technicians will install it and get it up and operating.They will then move out to the new factory at Rolleston and install and get operating all the equipment out there.Towers for the spray drier and extraction plant are in place,and a number of tanks for the extraction plant are installed.
As we could expect it is like a 5000 piece jigsaw puzzle,with tanks,huge grinders and other equipment all arriving in the great number of containers.
At the front of the new factory are three coolstores which will save PAZ having to use out side suppliers'.
It is very impressive.All of Port Hills Road site in under one big roof.
I think PAZ will be like SKL when they built their new factory at Wigram.Production,productivity and profitability took off .
.