The good:
- Finally slowing down on the spend (6 months too late though)
- Inventory build up and management system
- Apparent offtake partners and sales agreement/funding
The Bad
- No mention of GC
- This change in strategy leaves me thinking that we still a fair way off financing otherwise they wouldn't be slowing down - it's more likely that they are struggling to attract new capital to fund the next raise and their hand has been forced.
Unknowns
- How much is left in the kitty right now?
Ann: HMW Project Update, page-33
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