I did comment this when the quarterly came out:"In terms of the...

I did comment this when the quarterly came out:

"In terms of the quarterly disappointing as no drilling done which seems to be needed to get Phase One capacity towards nameplate. I do wonder if they are holdimg out for a Sasol deal which was mentioned months ago and would be a real game changer."

So drilling costs money and they haven't been drilling in the last qtr to preserve cash maybe? Are they waiting on a Sasol deal for instance to get the cash to finish off drilling of Phase One? Or sorting out the Phase 2 nasdaq ipo to get the cash to finish the drilling for Phase one. A Sasol deal seems easier out of the two currently.

Also the following from the overnight announcement on the JSE mentions Air Products. Linde and Messer etc.. are Phase 2 offtakers so interesting the involvement of Air Products - maybe as they are a US company and Linde and Messer have headquarters in Europe when you consider Phase 2 US DFC (US govt) involvement.
"Our liquid helium achieves purity of a minimum of 99.999% as verified by two
independent facilities, namely NECSA Laboratories a Subsidiary of NECSA South
African Nuclear Energy Corporation and Air Products"