I expect we will see some off take announcements first. That...

I expect we will see some off take announcements first. That should boost the sp quite a bit. Then that opens the way to finalising the US$25mill debt facility with the cornerstone investors. That should really get the sp going. Cash in the bank would be over A$50 million. Then or maybe before that, we will see the results on how much capex they will save with the review that is underway.
It could be significant because there will be reduced processing steps to produce BPR instead of EPR and that will reduce capex. Any cr could be much smaller than many here fear and it could be much later and from a much higher sp following all the newsflow above. The current sp doesn't seem to reflect much potential for any of the above but it is all high probability IMO. While it might be wishful thinking, an offtake with a prepayment would be very useful too.