It is why their cash burn has not reduced. Original plan was to...

It is why their cash burn has not reduced.

Original plan was to put a hold on any pre-FEED work until a deal was inked. From the quarterly, and I think it was the Rights Issue documents, they talked about having done some work on the 200MW projects without actually telling the market that this was pre-FEED work, work that they previously told us was suspended to preserve cash.

My figuring is that when the initial interest did not eventuate into a deal in a timely fashion that they decided to keep things moving along so the timeline does not get delayed.

If structured appropriately they will have ensured that the cost of this project work is reimbursed to KPO by KDP when a deal is done so we don't run out of cash in another 6 months.

Reminder: PwC are being paid NOTHING to get us a deal to this point. They only get paid a success fee. Also, as per the CEO AGM address and other comments announced to the market, there is considerable interest in the KDP deal.