It gets worse:The Egyptian Papyrus Company of which PPY owns...

It gets worse:

The Egyptian Papyrus Company of which PPY owns 66%, supposedly has a grand fully operating Plant joint ventured with the Egyptian Government, producing products (or least there appeared to be one 12 months ago), and, the company was busy consolidating the two entities to unlock all the value for PPY. In the last few months the factory has progressively disappeared without explanation, from monthly commentaries . NOW it has totally disappeared. All that is left about Egypt in this report is the following:

"Papyrus Australia Egyptian Joint Venture Committee Papyrus Australia-Egyptian Joint Venture committee sustained its momentum with ongoing strategic meetings alongside the management team in Egypt. These discussions remain focused on refining and advancing the commercial structuring of the joint venture. This collaborative effort underscores Papyrus’ commitment to fostering international partnerships and creating a robust framework for shared success in the global market."

No commercial operations and precious little on the consolidation. How can they get away with saying NOTHING???