The $300k dollar weak spot; Ucore / Suncor saw th
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Posted On: 06/05/2019 3:00:32 PM
The $300k dollar weak spot;
Ucore / Suncor saw this as I-azz's weak spot that spoke to his personal & business character because in 7 years, he still owed the U.S. money= MOSP being final goal. It's why Ucore was ok with I-azz actually being in Default in a multiple of ways( reading the docs, I was thinking....why in the hexx would they continue to allow this guy to do and not do certain things??) . All along, they are traveling to sign SUNCOR related deals, not SMC1. SMC1 is only an initial 1k tpy capacity & Suncor does 500k barrels per day; It's even years ahead of KRP project ---- although that's huge in it's own right, MOSP is lower-hanging, has the most Ucore press releases, is an already operating flow & the only thing Ucore has referenced as an "event" ............. Back to the $300k weak spot; what I-azz has not delivered and didn't even think about how he was falling into an anticipated need of having a back-up trap for him; (1) did not hold shareholder meetings. (2) no audit's provided from 2016 forward. Ucore paid for the initial audits and I-azz signed the agreements which include not changing assets, etc., without Ucore approval. So even if he's done that ( I highly doubt ), that too is an additional "damage". (3) withholding purification data for Tb & Eu metals. (4) accepted $25k for SMC1 feedstock data & not turned it over. (5) accepted $650k for agreement extensions. (6) accepted $1.7m as an advance towards final SMC1 payment.
He showed his intentions in March 2017 and these events are why Ucore, was perfectly fine with letting him "default", continue to default and Dorsey even said
Ucore is not in Default, but I-azz is.
This is also why they were perfectly ok with offering him these "side contracts" worth a "measly $40m+", because Suncor is a separate agreement anyway that we now see was busy designing a totally revolutionary flow sheet that will actually also make MRT process even more profitable due to extracting and remediating @ the same time. Suncor and Ucore have both mentioned applying this new process on a world-wide level. ( my goodness ---- $$$$$ ) But isn't this too good to be true for a "small company"?? No small company scores big like this overnight, etc, etc.. This hasn't been "over-night". It started in 2013 when Randy came on-board and re-read the Orca news release ----not Ucore release, Orca release of Jan 2016. MOSP was July 2016 and it also announced an awarded Canadian IRAP grant in the same release. Think the MOSP negotiations and the IRAP grant pre-dated Orca deciding to then state it is going long on Ucore in 2016? Of course it did and it's again, why Randy says what he does in this release
https://www.globenewswire.com/news-release/20...s-Inc.html
The range of metals resident in the Fort McMurray tailing management sites and the ongoing process flow are considerable, said Jim McKenzie, President and CEO of Ucore
Read more at https://stockhouse.com/companies/bullboard?sy...oYcxgxq.99
Ucore / Suncor saw this as I-azz's weak spot that spoke to his personal & business character because in 7 years, he still owed the U.S. money= MOSP being final goal. It's why Ucore was ok with I-azz actually being in Default in a multiple of ways( reading the docs, I was thinking....why in the hexx would they continue to allow this guy to do and not do certain things??) . All along, they are traveling to sign SUNCOR related deals, not SMC1. SMC1 is only an initial 1k tpy capacity & Suncor does 500k barrels per day; It's even years ahead of KRP project ---- although that's huge in it's own right, MOSP is lower-hanging, has the most Ucore press releases, is an already operating flow & the only thing Ucore has referenced as an "event" ............. Back to the $300k weak spot; what I-azz has not delivered and didn't even think about how he was falling into an anticipated need of having a back-up trap for him; (1) did not hold shareholder meetings. (2) no audit's provided from 2016 forward. Ucore paid for the initial audits and I-azz signed the agreements which include not changing assets, etc., without Ucore approval. So even if he's done that ( I highly doubt ), that too is an additional "damage". (3) withholding purification data for Tb & Eu metals. (4) accepted $25k for SMC1 feedstock data & not turned it over. (5) accepted $650k for agreement extensions. (6) accepted $1.7m as an advance towards final SMC1 payment.
He showed his intentions in March 2017 and these events are why Ucore, was perfectly fine with letting him "default", continue to default and Dorsey even said
Ucore is not in Default, but I-azz is.
This is also why they were perfectly ok with offering him these "side contracts" worth a "measly $40m+", because Suncor is a separate agreement anyway that we now see was busy designing a totally revolutionary flow sheet that will actually also make MRT process even more profitable due to extracting and remediating @ the same time. Suncor and Ucore have both mentioned applying this new process on a world-wide level. ( my goodness ---- $$$$$ ) But isn't this too good to be true for a "small company"?? No small company scores big like this overnight, etc, etc.. This hasn't been "over-night". It started in 2013 when Randy came on-board and re-read the Orca news release ----not Ucore release, Orca release of Jan 2016. MOSP was July 2016 and it also announced an awarded Canadian IRAP grant in the same release. Think the MOSP negotiations and the IRAP grant pre-dated Orca deciding to then state it is going long on Ucore in 2016? Of course it did and it's again, why Randy says what he does in this release
https://www.globenewswire.com/news-release/20...s-Inc.html
The range of metals resident in the Fort McMurray tailing management sites and the ongoing process flow are considerable, said Jim McKenzie, President and CEO of Ucore
Read more at https://stockhouse.com/companies/bullboard?sy...oYcxgxq.99
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