@Pore
Were you and your colleague aware that this article was published 14 months ago?
Additional funds (USD 95M as you quoted) were required to facilitate the immediate shift to in-house resin processing and yellow cake production plus future ramp-up costs. Self sufficiency following the UEC toll-milling agreement rug-pull. Funding (AUD 60M) was partially obtained - capital raising announced Nov 2023.
What further definition in the 2024 SepQtr cashflow report were you expecting on funding commentary in August 2023 regarding revised LOM plan for late 2024 production restart?
The company has recently stated that the "current cash balance is expected to continue to support operating and capital expenditures until the generation of self-sustaining cashflows, which remain projected for Q3 2025".
I would agree that production restart could very easily be pushed back to Q1 2025 and commissioning will take time.
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