Hi LynettegNot cash strapped, cash constrained . . . Our move to...

Hi Lynetteg

Not cash strapped, cash constrained . . . Our move to profitability is now a major priority to enhance our ability to broaden the financing options available to achieve higher operating performance and entry to major projects. . . . Without better profitability, they're unable to access the finance that'll move things along and get them a seat at the table for these major projects.

What are these major projects? Didn't Bahay mention the possibility of 10+ million dollar projects for Tankweld? Are these the sort of major projects that can't be joined until profitability is higher? How much profitability is needed and how long do they need to demonstrate it for to unlock the financing they're after? To be clear, no answer expected.

There might be more cash on hand than 2023, but it's not a lot more and staff costs are much higher plus there's that pesky debt thing. As Bahay has mentioned before, it's been a tough period for waste and water processing businesses. Stephen mentions that the Tankweld investment is countercyclical.

Really though, the comfortable money for PWN is in the new tech and we could do with an update. This coming week?. The 2024 timetable has a disclaimer, but it would be good to see a rejigged version. FEED progress is obviously out of whack with predictions. What about upstream module fabrication? AMD module fabrication? Battery precursor? How much is still relevant?

Cheers