Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-14

A year ago Alpha was skipping the PFS and going straight to DFS, plus ET had a lot of hype.
The impression was Alpha was all set to hit the go button about now.

Alpha then had delays and rejigging how to overcome emissions [why not simply buy carbon credits?] and ET speak was smoke and mirrors.
Remember when it was reported drilling @ Twin Peaks had commenced - only to belatedly announce, it was just the water bore and having to wait for a new drilling contractor with suitable rig.

One could be excused for thinking there is a bit of of theme going on re delivery.

Fast forward to today and now Alpha yet to reach PFS per geothermal power and the ownership of ET is transferring to ARO.
Sure GRV get to appoint 2 directors to ARO, but do the performance bonus's go back to GRV?
The 2 directors are tipping $$ in to ARO and their personal interest in ET - direct and indirect via GRV will substantially increase.
GRV shareholders interest in ET will be a lot less

In 2024 when Alpha hits the go button, the sp will hopefully be higher than my 40c average