Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-9

Don't get me wrong, I certainly want them to get it right for the FAT.

Next Gen Hadrian X laid it first blocks more than 12 months ago. Also achieved speeds of 300 block per hour more than 9 months ago. To date that's more than 12 months of machine tuning.

However, they have publicly been very confidant that the FAT was almost a "tick in the box" exercise following the completion of the SAT. Hence the surprise with delays, as I would have thought the SAT would have been completed with the Next Gen Hadrian X in the spec ready for shipment to US. All the testing and mods done prior to the SAT.

If they are sitting on a significant issue they are trying to resolve for FAT or the initial 10 builds, I'm fine with that. As we cannot afford to fail the FAT or not get the agreement on the JV.

Just hoping they are not trying get it perfect (vs 99%), as time does still cost money.

Also, lets be realistic the Next Gen Hadrian X is no where near the final product. This is a V1 of next gen Hadrian X. They will continue to significantly modified Hadrian X over time, as the machine lays 100 of thousands of bricks and start figuring out the failure points which require modification to improve reliability / speed.