Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-48

Over 400% increase in customer receipts QoQ. NdPr and NdFeB strip casters fully commissioned and producing in line with expectations. NdFeB samples sent to potential customers, advanced negotiations with US magnet manufacturer. CuTi technical collaboration with customers and confidential discussions. Hafnia samples sent to customers, ZBS samples sent to customers with DHZ samples set for next quarter. Lower raw materials and higher margins. Offtake discussions with US, EU, Japan and Korea customers, and continued discussions with KCF. POSCO representatives visited Dubbo with former trade minister Simon Crean and ANSTO reps.

Current cash is $63m, and as per the half yearly we have;
$29m in inventories
$66m in property, plant and equipment
for a total of ~$160m in assets. With a total market cap of $166m

On April 24th there were 330k shares traded, 30% of which (110k) were sold short.
As an example, 2 of the most shorted mining stocks SYA and CXO had daily short sales for April 24th of 13% and 6% respectively.

It's cliché to blame shorters but we are facing daily short sales at a higher rate than literally anyone of the top shorted stocks on the ASX.

The share price is completely detached from the value of the company. You could buy the company and liquidate it right now and you would probably make a profit, not sure I've ever seen this before.