Ann: Quarterly Activities Report, page-28

They will definitely need to raise capital. The hope is it is after the quarry deal is completed and at higher levels.

The obvious risk here is further delays or the deal falls through.

The bonus is that the Lithium potential probably justifies the MC alone.

I've spoken to the directors and they were very bullish on offtake/finance (however that doesn't necessarily mean a lot).

Need to complete this deal in August otherwise investor confidence will be shot.

However a good punt imo