Ann: Kiwi 1 Extended Production Test (EPT) Update, page-12

i would guess that the sell down in the last month or two, is related to the expectation of a CR.
Its good that they are keeping their attention on kiwi, as the market will want something tangible to catalyse that investment with, but that lingering overhang of a CR needs to be first removed. If i was interested in re-entering this stock, it would be on the heads, and with a clear runway to action Kiwi. They cant do that, if they are going to run out of coin. Post Kiwi, could be the additional cash flows to get this above its meandering cash positive - neutral float. Worrior was supposed to do that, but too many pump break downs, and not executing the additional simulations has restrained it. They need to present the cost structure required to get Kiwi on line as well, (assuming production tests go well). If i cant see that runway is clear, then i need to stand back and wait until the CR discount is applied, and they have then the cash to execute the plan.