Ann: Staged approach to Mildura facility and bank facility update, page-17

Market capitalisation now down to $110 m. To me it appears that for its positioning within the industry in Australia that's a very low valuation. I bought 30,000 just before close at 0.79.
There's obviously some uncertainty due to oversupply, but with all the pot stock carcasses lying around after this recent market upheaval that mightn't last for very long. It's an infant market and likely to grow substantially over time.
The other uncertainty on the financing I'm not as concerned about. The bank is not going to be risking anywhere near as much now and I'd be amazed if a financing deal for the revised build doesn't get done.
The way I see it is that if it wasn't for the uncertainty the price would be at least double what it is. So you can either have uncertainty and a much cheaper entry or guarantees a year down the track and probably pay a very large premium over the current price. Obviously I'm taking a risk, but the overall risk/reward ratio is one I like at current market cap.
Just my own opinion. DYOR.