Ann: Retail Entitlement Offer Results, page-16

I was invested here until I heard Richard Laufmann a couple of years ago with an interviewer whose name and company escapes me presently, english accent. RL just blew wind and that all he did, talking about finance he was expecting financiers to knock his door down!

You must be referring to the interview with Matthew Gordon where Richard explains he's put a brick ($1M) of his own money into the Company.
Checking how much cash Richard was paid in 2020 I went to the annual report and he was paid $254,808 salaries and fees. I have no idea how much tax he was paying or when he put a million of his own money into Rex. Lets assume it was 47% tax then he was clear $135K. So basically he put in 7 years salary by that stage, and it assumes that he and his family have no outgoings which is impossible. Assume his outgoings were 50% so he put in 14 years salary into the Company. Most families wouldn't allow that much risk because they could be on the streets tomorrow if it goes belly up.

In the last few months we've seen a LOI by Nittetsu, we've seen Mach Energy pick up a percentage of the Company so the partners are starting to build up a coalition to get this project done. The potential partners are not knocking down the door but politely asking to be let in and it appears Rex is obliging them.