Exactly. So much of this is off track it's absurd to suggest it's doing anything like sticking to the original plan. There are countless examples of this being derailed off the intended track, and your example of the feasibility study is another one of them. The company was boasting about a fast track strategy and that obviously failed terribly and now they have to change to a more conventional track, although the train is now so damaged it can barely be put on the track and likely can't travel any useful distance along it.
You don't need to be incredibly revisionist if you're on track and things are proceeding as planned. You don't have to pretend the company didn't announce things it did, you don't have to pretend a company-making commercial plant was only a 'demonstration facility' (the company's revisionism) or that two plants which were intended to generate income being abandoned because they don't work and wouldn't be profitable to run even if they were somehow derisks anything.
When you objectively fail to achieve your goals, you increase the risk, not decrease. Gcar's assertions fail the most basic concepts of first principles logic. Blaming lower prices is just a copout, a very poor excuse, when you had already spent far, far longer working on the plant than ever intended. If prices had crashed during construction and commissioning was postponed, or if that happened shortly after commissioning had begun, okay, there might be some plausibility in the claim that it might have worked as planned if prices had remained high and the company was simply taking responsible action to preserve capital and otherwise all was fine, but they struggled to get more than a trickle of product, claimed they would fix it themselves, failed, called in external consultants who made suggestions, they implemented those suggestions, production remained at a trickle, they had no further proposals as to how to continue, and then they stopped trying when they ran out of money - this is not derisking, this screams 'Oh, $#!t, things are nasty'.
The time to get things sorted out is when the price is low, so that when the rally comes (if it does, most here are assuming there will be another price spike) you're ready to take advantage of it. Going into hibernation until prices go up so you can resume efforts when you'd already hit a dead end means that even if you do convince someone to fund your next plant and even if miraculously it does work, that process is going to take several years and you're going to start it when the rally is hot, meaning by the time you finish the rally is over.
One thing I disagree with you on is your statement that it's baffling as to why anyone would say things are on track. Of course it's a completely absurd and ridiculous thing to say, but the two main reasons are far from baffling. One is to maintain one's own delusion and the other is to convince others. The gaslighting is as unbridled as it could ever be, and of course as is typical, huge gaslighters accuse others of what they're guilty of so that everyone is making the same accusation and they hope everyone watching will be too stupid to think for themselves and see what's really happening.
BFG10K works on a similar principle, the name was probably deliberately chosen (it's a reference to old computer game weapons which cause massive widespread destruction). The main picture is that AGY is an absolute train wreck, that reality is unavoidable, so the BFG10K account is created to come in and just turn everything into a ridiculous, confusing fight. It's obvious he says and does absurd things deliberately, whether just using verbatim ChatGPT posts or baiting with a long term 'Buy' and 'not held' status or just making blatantly incorrect statements no one would actually be stupid enough to make, or my personal favourite, shooting down the company's own quote from the announcement on the same day as scaremongering downramping (LOL, that was so funny). It's clearly just designed to confuse everyone.
And here we are, just watching out of fascination at how bad an investment people can still believe in.
I'm guessing we'll get the CR announcement next week, maybe the following week. I'll be surprised if it doesn't come before the end of the month.
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