You shouldn't speculate that it's not then either. The company hasn't announced that. You seem happy to speculate to the negative however. Pretty sure they said it was simply that they didn't meet the timing requirements and had to get the required funds in whilst still sourcing additional funding requirements.
"Multiple long-term funding options are continuing to be evaluated by the Company to enable repayment of the MEF I/Riverfort convertible debt facility during the 90-day standstill period."
"Importantly, we have secured a 90-day standstill on all conversions under the loan facility, and a number of options aimed at supporting our longer-term funding requirements are currently under assessment by Vector. I look forward to providing further updates on our funding strategy and project development activities in the near-term."
VEC Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held