TOUCHSTONE EXPLORATION INC (TXP) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Really appreciate that and appreciate everybody taking the time. I got some advice over the last couple of days on when we knew we were gonna do this Q and A from one shareholder and actually it's not somebody that I recognized but said, you know, please take the time to answer all these questions as best as you can and that certainly I will take that advice. The only caution I would say is there are gonna be some questions that were pre submitted and not very many, but that would be sort of classified on insider information or tipping. So obviously we can't answer those, but we'll deal with that as we go forward. So what I'd like to do is I'll start out answering some of these pre submitted questions. I'll pass it off to Ken and Brian, you know, the appropriate person to answer it. But let me start out with the first question, which is how much VAT is owed and what is the status timeline degree certainty on recovery of the VAT? Is any portion now contractually enforceable rather than reliant on government discretion? I think the key thing there is at the end of the year right now we're forecasting somewhere between 8.5 and 10,000,000 USD of VAT. So that's just to give you an idea of that, that would be sort of a final month of 2023, all of 2024 and all of 2025. So it's a big number. I mean, you can see why it certainly is a big number for us. As far as the certainty of getting the VAT, there's no chance of us not getting the VAT back. The real difficult is on the timing. And you know, historically when we look back, the governments haven't been great on that. At times they've even issued us bonds as a need to pay them back but we've always got the VAT money. But obviously the tricky part for us is to manage our cash flow and that, you know, at $10,000,000 when you'r...