Ann: Quarterly Activities Report, page-235

"Its easy, almost risk free money"
You cannot be serious, this is currently a very high risk investment and it is possible the company may not survive.

Go back to the original business case and you will see that the debt should have been fully repaid by now and they should have had around $150m in cash and be generating at least $100m in surplus cash per year. This was then going to fund stage 2 which should have generated even more cash per year.

The reality is none of the debt has been repaid.
They ran out of cash and had to do a huge Capital raising to avoid going bust.
The plant still is not properly working.
The lithium price has colasped.
They are burning around $20m per quarter in cash.
The customers are not taking the amount of production they said they would take.
They appear to have no valid plan to fund stage 2.

So can you please tell me why this is an almost risk free investment as clearly I must be missing something.