Makes for sober reading even though it is essentially almost all...

Makes for sober reading even though it is essentially almost all already known. There is a reason the SP is now essentially less than 10% what it was a couple of years ago. They have been spending large trying to expand operations with Vidalia etc even while the price of graphite has tanked. The price of and market for graphite is probably not expected to rise meaningfully until 2025 and 2026 according to many market analysts (it was supposed to be second half of 2024 but has been pushed right). We need that US government loan desperately, which they say is now expected this quarter but has been dangled out there for a while now. Would not be surprised if despite the US government loan we need to do another raise or get an additional loan early next year. It comes down to how successfully they have cut costs and really stopped expansion spending. Balancing expansion in expectation of a better market in 12 months time while there is a crappy market now is a nightmare.