This is self destruction. Best way to scare off future financiers that's for sure and shareholders. Having two quarters of negative cash flow when in production isn't that bad, and having a bit of interruption on operations when the second stage is built, isn't that bad either. The whole business plan has been chucked out, for no reason. Everybody bought on the business plan, why because it didn't mean too much dilution. Now no one knows how much dilution there will be.
Now the dream of selfunding has disappeared, and big cap raising and large debt are the flavour of the month. The project will struggle to get off the ground now. Risk has signifantly increased. Crazy stuff.
