Ann: Preliminary Final Report, page-17

So Phase 2 is suggested by 2027 - some 4 years behind schedule. Considering Phase 1 commercialization was expected to be February 2022 and we are now 2+ years behind schedule - my tip is that we'd be lucky if phase 2 is in commercialization by 2029, that will put us 6 years behind schedule.

Been trading some 40 years, been a director and secretary of a company with a MC greater than RLT's and I will say that our MD was very, very good, an absolute ripper at BS and bringing in the money, but knew sweet FA about the business. Couldn't give a rat's with what was happening on the ground until it was too late, until all the broken promises caught up with him. SM, take a seat mate before it all crumbles for you - it won't take long once it starts! You have proven that you are in way over your head, get some help before it's too late - They way you are burning cash, that $40M will be soon gone.