Significantly undervalued, CY20e EV/EBITDA of 1.2x, page-21

Yep, we've definitely tapped the debt IMO to stay above $5m cash.

I'm guessing we could not CR during the merger scheme of arrangement so we took out $40m debt which postponed any CR. Then we got busy with renegotiating the offtake which likely added further delays, plus we have a possibility of a prepayment now we have new terms.

I hope the CR happens as late as possible as I think our story is improving since the bad news was released post trading halt. The sell down last Fri was an overreaction IMO on already released news. Interesting we are back to 17.5c now which was the price very late in trade last Thu prior to quarterly release.