I think the idea of the coke fouling problem being a far greater problem than they are admitting to is a fair conclusion. It explains why the RKT sites are on hold. It explains why unit 3 is taking forever to build. It explains the lack of revenue. It explains why the machines can only be run part time. It explains the company going dark.
They may have believed that the fouling problem was licked at the time of the last AGM. But their optimism may have been premature.