Ann: S&P DJI Announces March 2023 Quarterly Rebalance, page-44

Have a read through the chairmans report of the last half year report. They have a lot more organic BNNT opportunities outside of LiS and their other JVs. 2 new Senior hires should speed up that process.
It could be argued that they should have been working on that earlier which is a pretty fair criticism. But Covid is a genuine disruption in their ability to go out meet customers. Not to mention they have only just finished commissioning their 20 furnace production facility. Pre Covid they had 4 furnaces and were talking about putting together a semi automated 6 furnace module.
You can be disappointed in how long it's taking but to say they aren't walking the talk it pretty disingenuous