Acquisition needs to be approved by shareholders at a special...

Acquisition needs to be approved by shareholders at a special egm first. This hasn't happened yet as we are still awaiting "in-principle advice" from the ASX as to how best to proceed with the prospectus and re-compliance.

Hence now the capital raised can't be accessed by WFE yet and the refurbishments if any, have been done by WFE's JV partner in good faith that they will eventually receive the funds from the capital raise to go full steam ahead. I saw some funds were advanced from shareholders but obviously we can't go full steam ahead without the full $8-$10 million from the capital raise for now.

That is how I understand it at the moment. All in ASX's hands now.