From what Danny Lewin indicated at the AGM the new manufacturing...

From what Danny Lewin indicated at the AGM the new manufacturing venue was making great strides and DL was optimistic that they would be able to comply precisely with the expressed requirements for each step as understood from both first principles and computational physics modelling. But even though it sounds like this is a development lab at a FAB it is conceivable - if not likely - that there may still be some minor adjustments nonetheless. Working in a lab gives them both time and opportunity to advance groups of wafers through a series of related steps, and after each phase has been done, for it to be evaluated in some way that validates the result against the aim. In other words it is possible they need to make some adjustments and have some delays, but it is the best possible place to have that work happening. And as indicated elsewhere their home office is under the restrictions of being in a war zone.

For those reasons I am prepared to give the co the benefit of the doubt at this stage. But that is not to say I am happy at being given no updates at all despite the fact that we are well past the only time frame that we have been given for a long time.