Ann: Anteo R&D Tax Incentive received-ADO.AX, page-11

Debt reduction is far easier from a position of financial strength and the outlook of securing this on multiple fronts would be the smart business choice.

Those who reduce their debts too early run the risk to have nothing to drive innovation and miss out on the material gains when pursuing such goals.
Many shareholders would probably not be invested in Anteo if the company would commit to such conservative measures.

I would agree with Joe that we are nearing a tipping point in many aspects, one of those being that we are possibly looking at multiples of current MC with positive battery news.