My take is that the failure of SFG is on messaging: too often we think it's close to being underway, too often it's actually not really close. I understand they might be unwilling to say that things won't be happening until 2025 (just a random date, nothing real) as that would depress the price, and that approvals etc are absolute unknowns in terms of timeframe, but the problem is this constant 9-month cashflow in from dilution of equity, cashflow out from operations, sets up for questions to be asked about what's really going on.
Communication is so important.
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