One major impediment that has been weighing on the share price...

One major impediment that has been weighing on the share price has now been removed with this extension of the con notes till the end of 2028.

MLX preserve the face value of the original note & impose some harsh conditions via the amendment fee (and naturally - increased interest rate), plus amended conversion price & new oppies. It is (and was always) in MLX's best interests to see Cyprium succeed rather than fail. Brett Smith indicated this at the MLX AGM (for those who bothered to take note). And those who thought MLX were going to take back Nifty, etc were wrong.

That leaves the Nebari facility to be resolved (wonder if Nebari will increase their debt/equity exposure?), Glencore binding off-take with prepayment, capital raising (would have to think this is a fait accompli - and as previously stated - not necessarily a bad thing, depending on pricing/dilution, and if it forms part of a condition for debt funding - rather than simply as working cap to finance director lifestyles), debt funding, etc.

The puzzle is coming together, but still more work to do.