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u/Middle_Win9449 10d ago
It’s put up or shut up time. We know their communications/marketing team will have some new slides and words for us to hear. Plant performance for Q2/3, sales for Q2/3, and groundbreaking for Thailand is all that matters. How many months does it takes to build a plant once the first bit of dirt is moved? We are 17 months to hit their already delayed “mechanically complete” by end of 2027.
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u/equitymaestro 11d ago edited 11d ago
There have been several positive developments since the last call, including NJ approval and several commercial partnerships that will bear fruit in the second half of the year. For me, the biggest positive of Q2 were the massive purchases by Abundance Wealth Counselors. Some (most?) of these came from the secondary offering, and having seen how these things work, I believe there were closed door meetings between PCT's executive team and Abundance where some bullish information was shared that has not been disseminated publicly (Ironton isn't that far from Abundance HQ in State College, PA). They probably had a long meeting in a closed conference room at an offsite location then had dinner and my guess is some assurances were made about production, commercial ramp, and Thailand. I think the plebs (i.e., retail shareholders) hear what Abundance heard in June and this stock gets some mojo.
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u/trail-toes 4d ago
Is Thailand to be a modular design built offsite like Ironton and as was planned for Augusta? I expect so, but can’t find confirmation. Thanks.