We knew from the March quarterly they were mining at about...

We knew from the March quarterly they were mining at about 55-60% nameplate. That was the last time they published any meaningful production or financial numbers because that was the last time they had to. If they are raising capital now then the Q2 report is likely to be grim.

Since Q1 they have been trying to spin that everything is going to plan and they are shipping 10,000t a month of HMC (give or take) and commissioning the MSP. Except now they admit they are still only mining at 55-60% nameplate which confirms HMC production should be pretty similar to Q1 and raises a few questions about the below announcements.

28th March: "Strandline has also produced additional HMC product which is being fed into the Mineral Separation Plant (MSP) and stockpiled for future sales. The next shipment is expected in April 2023."

24th April: "The ramp-up of Coburn continues to progress well, albeit having to navigate through greenfield commissioning issues. The WCP continues to demonstrate the ability to operate at nameplate ore throughput levels and we are starting to make solid gains in commissioning the downstream MSP."

1st June: "As part of the production ramp up process, the key focus remains on improving equipment and plant availability, enhancing mine planning and increasing mineral recoveries in final product streams at the Mineral Separation Plant (MSP). While the commissioning of the MSP progresses, the Company expects to continue shipping HMC product at an approximate rate of one shipment per month."