Ann: Half Year Accounts, page-9

"To date E25 has been unable to consistently achieve the level of output that would generate regular operating profits and cashflows..."
"The difficulties in hiring skilled staff in a range of technical trades and disciplines is beginning to impact the overall performance of the Butcherbird site."

The system does not run as planned, which in turn leads to unplanned outages and the nameplate cannot be reached at the moment.
There are not enough qualified employees on site and all of this is currently leading to a loss in the production of manganese ore.

That doesn't read particularly well and will, at best, get better in the medium term. But now we also know why the exchange rate is (0.80 AUD) where it is right now.

The question is whether the strong sell-off, starting with production in the second half of 2021, already implies this news or whether it will continue to go down from today.