Ann: Quarterly Update & Appendix 4C-MNW.AX, page-4

Agreed !
Nothing negative in it whatsoever that I can see.
Pretty much like a mining company in the initial production stage ... exploration done, production licences acquired, 1st agreements for supply are agreed and the ramp-up phase begins on the way to positive revenue.
With just around 32% shares in free-float, this time next year anyone would be happy to have bought a few in the last couple of months.
All's good