I definitely like the methods used here. Leaders supporting this with their own cash plus regular shareholders being given a chance to join in.
Having said that I'm surprised by how much they have chosen to raise. I'm guessing this is to support a very large amount of drilling to come and to last us until lithium prices recover and we can sign a more favourable offtake agreement? Just my thoughts as an amateur. Would appreciate more explanation by others who know more.
Ann: Landmark $7.9m capital raising to fund WA lithium projects, page-13
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