Ann: March 2023 Quarterly Activities & Cash Flow Report, page-29

Clearly Palisade are struggling with:

a) Risk allocation (covers a whole range of topics): land contacts, development approvals etc, delivery contracts, EPC, O&M, feedstock, resourcing from DEL side to deliver etc...);
b) Project economics/IRR;
c) Combination of the above.

DEL are clearly useless at pricing anything and we have not been told of revised CAPEX numbers for sometime. There is no way capex pricing in 2021 or mid 2022 is holding true now. Palisade would have been running the models on old pricing assumptions. So how can the Palisade models be stacking up without something changing?

I am not selling, there is no point. I agree with Axed here. If your down 90% on capital what is another 10%?

I am adamant, and that inclusion of ''potentially'' into the statement in the recent Quarterly (from Binding) proves we have been mislead as shareholders. It is as simple as that.