I don't think it's amazing that they burnt $300m, all though that is shambolic and a reflection on terrible management capability.
If you look at the Balance sheet Dec '23 to April '24, another $10m down. Produced 700kg last quarter. The spending has not stopped and the board is not being upfront with investors where that money is going.
$10m on its own should easily buy that capacity and more.
I don't think it's amazing that they burnt $300m, all...
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