RE:WRLGSome of the people with a shorter term view understood this to be almost a turnkey project with $20 Million in the kitty. Reading the recent project update tells us there's still a lot of work to do. From the acquisition of the property to the startup could be as long as 2 1/2 years, ('second half of 2025') there have been 5 money raises over the last year or so totalling over $100 Million, and the share count has gone from about 60M, then 160M after the deal closed, to maybe 350M fully diluted with warrants at a dollar or less. It may be that they don't have to raise any more money over the next year and a half; we'll see.
There were 7M shorts in the last month, those have been largely covered by 5/31.
For the larger investors with a longer view the situation is probably within expectations.