Ann: Half Yearly Report, page-9

Further to the above, GMC state

"The next step in the construction process will include the pouring of floors and the installation of key equipment.
The furnace building steel erection on site at the end of the calendar year was 63.1% complete."

This was a huge LOL moment. 63% complete after 3 years (remember the entire Eiffel Tower was constructed in 18 months).

And as for the next steps in the construction process...I wonder how GMC plan to fund this, given their minimal cash balance and massive debt and current liabilities

This is why I think the statement below is a massive risk.
"Should the Consolidated Entity be unsuccessful in completing the required funding, finalising offtake finance, and commencing production at the intended time and at the required profit levels, there is material uncertainty whether the Consolidated Entity would continue as a going concern"

This is a very sorry situation for shareholders and I feel for them and the ever falling price...

Only DSO can save this and it gets less likely with each passing day