Confirmed. Only $18m to be spent on the project at 31 Dec. they have raised over $40m in the last 12 months!
https://www.google.com.au/amp/s/amp.nine.com.au/article/ecf7cf48-64a8-4e8d-b67d-c5ee69550578
Seems majority of funds going to “working capital”. I’d be surprised if anyone is able to put a positive spin on this. Big equity cheque still required here