Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-38

Thanks for posting this. I do find the narrative overly optimistic. If it was so easy to implement changes and reach nameplate why have they failed to do it so far? These guys might turn out to be geniuses but for me the smart play is to wait until there is some progress towards achieving nameplate and then decide. You may miss out on some potential profit but you would also eliminate the downside risks. As it stands E25 will burn through their remaining cash in a couple of quarters, which would bring another CR into play. All IMO and DYOR.