The problem is that all of these increases occurred through...

The problem is that all of these increases occurred through increasing the debt.
This is standard practice and would not have been a problem had they achieved the higher gas production but with the current lower production numbers it is a major issue unless they can fix the plant problems.

They currently have $218M outstanding debt from the debt facility and that has to been repaid at $7M per quarter with the balance repaid sometime in 2024.

Currently based the existing gas prices and current production rates they will at best generate net cash after everything on somewhere between $0-$20M per year but they then have to repay $28M of debt per year out of that and then repay around $148M (the debt balance) in 2024.

If they can't solve the production problems with the plant they will have no option but to do another discounted capital raising or try and renegotiate new debt which will be hard if they cannot demonstrate that they are generating significant cashflow by 2024 and will be able to repay that new debt.

On top of that they also need additional capex spend for the other projects that they are looking at.

So I think shorts are going to keep targeting the stock as long as these cashflow problems exist.