RAP costs are not an issue here, the time delay is though.... they have earmarked $1m for RAP (which must have been suggested by the consultants engaged and they have the money on hand, so not something they will have to go looking out for once concluded)...
and now they say "RAP this quarter", only if you believe that this will be done this quarter after all these delays with RAP...
the way forward for this management team is to provide a monthly update or this can get ugly - they need to keep the shareholders engaged at all times - just qtrly updates is not going to cut it going forward...
other positives are the battery testing by end users - a BIG tick imo...
on a ST basis, be prepared for some "not so good" days ahead in terms of the sp imo...
Ann: Quarterly Cashflow Report, page-10
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