The Money, page-107

Unfortunately, Pelych, you're honest opinion is wrong. They undervalued the true capital cost of a full plant refurbishment, blew through the contingency and then found themselves in a dire state needing to fund the remainder of the plant refurbishment and continual operations from a capital raise. It's well known that they ran heavily over time and over budget due to their poor ability to plan and then funded the remainder of the plant refurbishment, drilling, operations etc by using contractors and staff as a line of credit. This is debt raising, it was partially filled from the initial CR in March 17?, and was needed to be replenished again just under three months later. Enough of the excuses and finger pointing, they had a plan (as poor as it was), couldn't see it through, had no option other than to finish the project and move to production at the expense of everyone around them and here were are today.

Pelych, pull your head in!