Clearly without sufficient offtakes in place, they've wound back...

Clearly without sufficient offtakes in place, they've wound back target and timeframe expectations to avoid another CR which, with things as they are, would be extremely costly to SH. I can see the business sense in that. But the way it's been handled and communicated is an absolute dog's breakfast. They're clearly embarrassed and can't take ownership of their failure to secure customers or the strategic reset they've decided on. Nor can they provide any detail on how this will all work - the DFS stands, apparently, except it doesn't (kind of like Schroedinger's DFS).

Still holding with a 3-5 year scope but I think the board needs to be seriously reviewing management of this company, otherwise they're in for a torrid AGM. We have a MD who has delivered on the technical and regulatory elements of the project but has failed to live up to his grandiose promises to land customers and funding. We also have a PR/communications guy who has just overseen a horrendous blunder in that department. Is this the only way or the best way forward? The question has to be asked.