Ann: Investor Presentation, page-4

Slide 9 is a red flag.

They have redesigned the pond configuration because of lower than expected evaporation rates. The salt harvest is less than expected. The knock on is less feed for the plant.
Did they fast track the field evaporation trials or base too many conclusions on results from lab trials?

Investors are starting to get an education in the physical principles behind these projects (and will pay for it).