Ann: R&D Tax Incentive Refund, page-32

In is entirely possible. It is an interesting bit of context that old mate has left out of his posts. The full document is here for those interested (page 29 of the doc). Indeed, the more plausible interpretation is that the company has bid for tax credits only to those parts that are consistent with the guidelines, and that their auditors have concurred. Given it is potentially "company breaking" if falsely claimed, it would be a dereliction of duty for the auditors to not seek independent validation. As stated elsewhere, auditors have a duty to ascertain viability as a "going concern" and to identify any material risks associated with it.

We don't know for sure, but this seems a far more plausible interpretation than the doom and gloom interpretation.

Meanwhile, of more significance and consequence IMO is for the company to announce its near term forward plans. It is still very early in the exploration process.