Regarding EFA, check financing section of the cash flow. They...

Regarding EFA, check financing section of the cash flow. They repaid 1.8mln. Subsequent section states the drawdown is now 2.1mln with facility total 5.1mln. If that is not a rollover, I don't know what is.

Yes, agree they could have stated their receivables if any. However, in that case they would have probably needed to state payables as well. Otherwise people would have accused them of misleading. And we can guess that payables are probably sky high given the stage of the company. Would have raised further alarm bells. Or it may simply be discounted 327 per tonne as LD99 calculated.

When you think about funding, I'd like you to imagine that the average bank manager is like you, risk averse and finding fault in everything. How long do you think it takes to convince such managers with data? Obviously, company is not at a stage where it is a cash cow with banks lining up to give it money.