Can anyone explain this in plain English and is it a concern?...

Can anyone explain this in plain English and is it a concern? The way I read it is we own it on paper but haven't paid for it.

For the half-year ended 31 December 2023, the Group incurred an operating loss of $1,776,618 (31 December 2022: $1,923,140).The Company had a net deficiency in working capital at reporting date of $9,537,331. This is directly attributable to the current liability (Net TriggeredPayments) shown as owing to Mutual Holdings Pty Ltd and High Grade Metals Limited in respect of the acquisition of JORC defined resources at theCompany’s Victory Bore project - these total $11,934,987.Mutual Holdings Pty Ltd has entered into an agreement (Deed of Amendment – Triggered Payments) whereby it will not make any demand forpayment of the Net Triggered Payments and any accrued interest thereon, which would have the effect of placing Surefire into a financial position ofnot being able to pay its debts as and when they fell due, for a period of at least twelve months from the date of signing the agreement, which date is15 March 2024.Circumstances in which a payment of the Net Triggered Payment can be made are:1. The balance owing in respect of the Triggered Payments is to be paid as and when funds will allow, and only upon mutual agreement beingreached with Surefire’s un-interested board members prior to each corporate action or event which is likely to result in Surefire receiving cashfunds of any description; and2. MH retains the option of converting up to a maximum of $3 million in value of the Net Triggered Payments into a combination of fully paidordinary shares and/or partly-paid ordinary shares in Surefire, with any issue of equity securities to MH being subject to, and conditional uponSRN obtaining shareholder approval in accordance with the requirements of the ASX Listing Rules and/or the Corporations Act 2001 (C