Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

Woody that's a very broad & pessimistic statement. Its not all doom and gloom there, well "yet" at least. As the Forbes article (see link at the bottom) states it is being somewhat misreported perhaps to emphasise the drama. It is very bad news for those unfortunate Chinese citizens who invested via Evergrande "off-the-plan" agreements though and hope they can get something for their money at some point - but that's unlikely sadly. Some summary statements form the Forbes article ....

“This is a company that has assets: while I think it is well on its way to bankruptcy — so I’m not saying that there isn’t a problem here as liabilities are outweighing assets — its net worth isn’t $300 billion in the red.”

“We’re talking about a big construction company here, so if this unfolding crisis at Evergrande spilled over to the property sector and construction more generally, then that absolutely would have a knock-on effect for Australian iron ore and its price,”

"So while the Evergrande collapse is a cautionary tale, and something to continue to watch, the Hong Kong listed company being put into liquidation is not expected to have an immediate impact on Australian financial markets."

So while vanadium is closely linked to steel manufacture and if that is catastrophically effected by the Evergrande collapse then perhaps there will be a problem for Vanadium - but that is unlikely to be "catastophic" too. It cant be ignored that China manufacture steel broadly for far more than just Evergrande construction both internally and externally to China. Then there is Energy storage. This as a V2O5 feed stock driver is growing and will continue to. So i think there is a lot to hold onto yet as positives going forward for "this deposit".

For those who want to read the article...
www.forbes.com.au/news/investing/how-will-evergrandes-liquidation-impact-australia/

All my own opinion, make yours based on your own research.