It's unfortunate that their forecasts and intentions have been unreliable 100% of the time to date.
For investors, it's just a waiting game. I suppose some sense of security helps with the nerves, although it's a false one.
Not sure what's settled though, there was never any intention of another cap raise, so JZ reiterating that doesn't really give additional confidence.
I haven't been paying attention to their recent cash burn rate, but there's a lot of things that have to fall into place before 2ktpa starts generating revenue. Besides there being no production last month, they've already said anything they do produce is being stockpiled for a partner.
Anything is a possibility really, and there's no real 'odds' favouring a certain outcome at the moment.
5-6 weeks of consolidation, the longer it stays like this the harder it will move (in either direction) when it happens. I'm hoping the EIA approvals will be the catalyst as we're only waiting on a single persons signature and it's hard to believe we won't get it before the end of next month.
IMO
