Ann: Annual Report, page-24

Just to note that they still have 3.8m avaliable in the bank and 1.5m on their facility at end June.

Ebit positive by December means the drain on cashflow will be interest payments and capital and capitalised costs only going forward - but receipts should also continue to improve in CY 2020 offsetting some of this.

Yes the facility has to be paid back but they can also renegotiate or go to another party particularly if ICL comes off early next year and / or Pine Belt formally sign after a sucessful wear trial.

I wouldn't mind funding being raised later perhaps from US investors followed up by a US listing further on. I think the biggest reason for funding being required is if we are sucessful with the military and we need it to fund large chemistry purchases to start suppling the military.