Ann: BEYONDIE UPDATE - PROCESS DESIGN VALIDATED, page-26

Hmm, a mixed bag. Things look generally on track for the revised schedule, production in July, which is great... However the sentence "The Company expects to be able to inform the market of the quantum of funding required by the end of June 2022" all but confirms a CR, and the way it's phrased makes it sound like a large one. Another plant shutdown planned in August for further rectification works, and further increases to debt.

Things look pretty chaotic still, tbh. A lot more money needed to get this rolling, probably more than most of us expect. I'm a believer in long-term value, but quite skeptical on short-mid term. All said, it's a step in the right direction. At least it's a mixed-bag, and not just a ****-bag. I'm liking the honesty from management. An August plant shutdown literally one month after finally commencing commercial production is definitely a bad thing - but at least they're being forthright about it this time.