Ouch....burning cash way too fast, will need to raise before DFS is done, really should have raised it all in one go. Interestingly no mention of offtake discussions so that’s likely to be a lot longer than people think too. Resource upgrade is unlikely to lift the share price back to the last CR price so we could be in for some painful dilution here. Maybe they can get those options exercised early!!
TMT Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held