I think our model of starting with modest production (40-60ktpa)...

I think our model of starting with modest production (40-60ktpa) with western offtake partners is the correct strategy. I do believe that KfW finance and the UFK Guarantee strengthens our German ties and will ultimately attract more German investment. We’ll never know whether we should have taken a different funding route two years ago, we can only speculate and talk hypotheticals.

If I didn’t believe in this company I wouldn’t be invested in it, and the size of my investment is not insignificant. But just because I believe in the company and my investment decision that does not mean that there isn’t room for improvement, even if that means making some changes.