Ann: GRR - Quarterly Report for 3 months ended 30 June 2024, page-11

I sometimes get worried with this as well. At the same time, I remember - this is a debt-free company, with somehow "solid" operations. They can either raise debt or equity - the challenge/concern with equity raising will be the timing.. If things goes south, they will raise at a very low market cap, which means huge dillution for us. I am not a CEO/CFO expert, but work with Project Financing, so, at first sight, debt raising sounds more appropriate... It appears that Interest rates will start to go down over the next year, so money will get cheaper. So I don't believe they would struggle to get funding based on they track records and balance sheet (they are almost trading at negative EV).