Consider an example of 5.5c to let's say 27c. That is a five fold sp increase, potentially in just 12 months. That would be a very big return. Waiting for full funding and evidence of construction being well underway could easily see the sp at 15c. 15c to 27c is less than a two fold increase. That is a huge difference. Some want the peace of mind of waiting for construction but some of us like that much larger leverage from 5.5c.
IMO - focus on the reality of missed deadlines and no funding and phosphate project being put on hold
Focus on insolvency as without funding this is almost inevitable without a 1-2 billion share CR
Re read risks in annual report as you clearly have ignored them
