Phe27 Jul 2018 12:34
Well this is the reason why...... an AGM RNS but it also had an update
Not a pleasant read
While our intent was to have our first commercial facility operational by the end of 2018, lead time delays in material acquisition and operational financing have now made that unlikely. It is worth noting that while a portion of the funds raised over the past 18 months were used to progress the Company’s test-engineering and operational efforts, the majority of funds were used to repay the Hillgrove Note - an absolute necessity for the Company’s future - which created an impediment to the speed of our commercial engineering efforts.