Livewire: buy the dip?, page-21

Hi One,

Direct questions communication to the company, after the quarterly. They didn’t answer anything market sensitive. So ignored a few of my questions. Although reiterated they are on track, and in line with my previous posts, they are dealing with complexities of offtakers requirements, funders due diligence and parent companies demands (eg ESG requirements that has become critical for European companies).

They also confirmed they are hanging to reach financial close (my words), to begin the next phase.

Time has allowed them to improve things with regard to engineering diagrams and costs. So the delay in financial close in some respects has been a blessing in disguise (again my words).

They confirmed FEED was complete last November when disclosed to the market the CAPEX increase has been factored. Ie they have factored in most of inflationary pressure, so, although I posted here in the past they have not completed the FEED. This statement was in fact wrong-my bad.

As per quarterly, all contracts at advanced stage, even potential offtakers.