Yes, these recent new entrants are Tranche 1 of the recent cap raise. The second Tranche requires shareholder approval.
As some have said previously, I also don’t expect these guys to stick around for long. They will most probably be looking to sell into news, using the higher volumes to do so.
Unless news reveals drilling results that actually expands the JORC in a meaningful way. IMO anything that results in JORC expansion is worth hanging around for....anything else is just long terms possibly/maybes.
