Very simple, page-45

"Either you believe him... Or you don't"

GG also said the time to buy was many months ago, but since then the s/p has fallen.

He also said they had funding, then a CR came.

ASX company directors say all kinds of things to promote their companies, or because they are intuitive types who focus on potential rather current reality, or they are hiding things, or they are biding time, etc. Generally, it's best to disbelieve what directors say until they prove themselves with consistency.