I think it's pretty obvious that they will need to raise capital...

I think it's pretty obvious that they will need to raise capital to ramp up production at Ardmore. I just don't understand why they announced the Ardmore Project Stage 1.5 Update on 23 November 2022 if they didn't have plans to raise capital soon after?! They've scared off potential buyers since then, and now they'll have an even more difficult job raising capital at the current low prices.