Ann: Quarterly Activities Report, page-3

Definitely a positive on the refinance.

These we're the key readings for me;
Appeared that when they ran at higher utilisation the opex cost we're down towards the 350USD.
However the last snip seems to indicate that the offtakers are basically not-complying with the offtake commitments/agreements.

Essentially they need demand to increase and offtakers to honour their commitments then they may be able to run the plant at a higher utilisation.

Positives and negatives in the announcement. Head is above water but need spod prices to increase obviously at 420USD even if 350USD opex is achieved it's marginal.

Appears that that they're correcting the issues albeit a long time after plant commission. Hopefully next quarter see's increase demand so utilisation increases. Also expect spod price to have bottomed. Most producers underwater at current price so not sustainable IMV.

*status is wrong
(not held)
SF2TH