Ann: Appendix 4C Quarterly (Q2 2023) and Business Update, page-8

“I struggle a bit with the cautionary outlook which doesn't gel with the operational opportunities mentioned above. Maybe it's an under promise, over deliver plan.”

This needs to be read along with the next paragraph re: Resolute review. It is hinting to me that most probably the company will be merged or sold or become a subsidiary of a large company - the stand alone operation is bit erratic in timing.