The first point you made there basically suggests they're...

The first point you made there basically suggests they're insolvent. If that was the case, NAB would be calling liquidators, not handing out cash. Would have liked to been a fly on the wall in that meeting though.

Would like more info on Nangiloc regarding irrigation. They've sewn 32Ha of the 2300 and they are targeting 0.7-1.0 tonnes of seed per hectare which seems reasonably conservative, but obviously depends on water. NSW DPI guidance for industrial hemp needs (without rainfall) around 3-6mL per hectare. MRG were paying skywards $960/mL last time I read. A crop without irrigation but some rainfall (about Mildura's avg.) could yield about half a ton per hectare according to some back of the envelope maths. I wonder how Althea (ASX:AGH) is going? They're up that way somewhere...