Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6

Your last line sums it up.

I think thats what the few shorts are working on. TBH I think opening a short on PLS would be wiser, they still look pricey given their quarterly report.

2% is still low.

On CR, so many companies throw out the fully funded line, but there are trade payables and you need to have cash reserves to PROTECT shareholders.

I have lost count on the times fully funded to DFS or FID are thrown around and then out of the blue is a CR. Lets hope my cynicism is wrong.