Ann: Capital Raising, page-7

I wouldn't be surprised if Tinci had around 10% or maybe more of the total shares, or perhaps Tinci and Directors have above 10% of shares, just to make sure that if/when OZL want to do a TO they cannot get to 90% easily.

It is enough cash to keep going until the BFS has been finished with careful spending, so congrats to team for some 'future proofing' of the company.

I'm a bit disappointed that long term shareholders did not get a bite at the 6.1c cherry, but in strategic long term thinking it does make sense not giving more to retail holders.

Tinci will undoubtedly want Nickel and Cobalt offtake concentrates, so will hopefully lend CZI a fair proportion of our needed 30% of funding, against offtake agreements. All IMHO.