Ann: Entitlement Offer, page-13

The CR states  "The prospects of the Company depend on the commencement of production as the San Jorge project. Various factors may result in production being delaying or not being commenced at all, such as weather events, lack of funding, unexpected shortages such as labour and equipment. "The key words are "depend on the commencement of production" ...…..I thought that production had already commenced?

Furthermore the risk (as stated are)
The Company does not have any executed offtake agreements in place in relation to its San Jorge operations. The Company is in discussions with a number of parties in relation to potential offtake and marketing arrangements for San Jorge. In particular, it is in advanced stages of negotiation with a global commodity trader for a non-binding terms sheet commitment to provide senior project finance in conjunction with commodity offtake. However, there can be no guarantee that the Company will be able to finalise and enter into any such arrangements.

And the biggie.....
If the Company requires further funding, there are no assurances that additional funds will be available at all, or on commercially acceptable terms. In the event that the Company is not successful in obtaining further funding, there is significant uncertainty as to whether the Company can continue as a going concern.