Ann: Entitlement Issue Prospectus, page-112

I agree Jukebox.

He has been stumbling his way throughout & should receive another strike at the next AGM.

There has been a considerable amount of oversight and ignorance from him in believing EPA would not assess ASN & offtakes could subsequently be secured "before Christmas 2020". However, EPA are also responsible for several delays.

At very least, a capital raising should have been taken at highs, instead of the board lining their own pockets. Communication has also been outrageous RE: EPA process with the most detailed recent update uploaded via their YouTube channel and not a company announcement.

The current placement is also suspicious as 1:13 could never have been fulfilled as others have mentioned above.

However, I still feel that at these price levels with fundamentals as above and share registry dilution limited - there's value to be had.

I will concede that I hadn't considered insolvency as a possible outcome, but this is definitely due to my bias as a shareholder...