Chemphys due diligence probably contingent on raising a minimum of $10m imho, better obviously if they raise the full amount now for working capital buffer for overheads and commissioning, then the specter of an imminent CR is off. They've also got the ATM up their sleeves should the capital markets be completely locked up around time of commissioning, sort of like a line of credit I suppose. Hopefully an actual line of credit is set up before commissioning though, then there's a double capital buffer for commissioning. Time to weather the coming broader storm and look for the sunshine to come through on the other side. GLN will be a producer, when people are arguing the magnitude of profits even at the small initial scale it's not a bad thing when significant global supply is currently being taken off the table due to incurring losses. I'll happily take a small but marginally profitable operation that can scale substantially.
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