Ann: Half Yearly Report and Accounts, page-14

You developed that opinion based on the company's released investor presentation, I'm guessing no knowledge of how a debt process actually works? The updated DFS with the ITE is so they knew (given inflation which was out of their control) how much they'd be able to raise without having to go back for future funding. Did you rather a CR then another CR cause they got the numbers wrong?

This is what the crawl walk run strategy is whether you like it or not. Selling the project is instead of a massively dilutionary event - they have said they are working out the best value per share outcome, what more do you want? Delays in this project aren't a bad thing given the natural graphite market hasn't picked up at all (another fact you might not like) and it will do so in the next 2-3 years as the ex-China story develops.

The project will come as the backdrop continues to get stronger.

Urbix gov funding is due H1 23' they and they have their scaled plant due to commission in under 20 months, they will need OEM funding from their partners which in turn could feed us.

The catalyst is POSCO not Urbix.