Ann: Company Update and Samuel EPC Settlement, page-36

Do you even read ? They not just raising $2m only to pay Samuel, but looking to milk heaps more for this so-called "Reset plan" with materially lower CY26/27 production that warrant the rescheduling of off-takes contracts with customers and changes to LoM forecast.

Now ask yourself, why are they asking for more money whilst materially lower production for CY26/27 than previously guided ?

Simple answer, they'll be making operational losses for the coming years, up until reaching nameplate production that if it ever achieved on ramp-up stage that's going to cost them more $$$ required to get there.

Toilet paper saying, we are so close over the line on start producing yellowcake then bluesky ahead ... right ? right ? Right ?
NO!!!!! We are not just writing off CY25, but even CY26/27 are now on the chopping block !