With respect Heraclitus, I don't think they would have extended...

With respect Heraclitus, I don't think they would have extended the amount of the raising without good reason.

As I said, all will become clear in time.

Just consider the steps management have taken over the last few months, especially contracting FEC and Imagine, parallel to the development worldwide of uses of very high grade crystalline spherical graphite, and the oncoming commercialisation of graphene in numerous applications.

Consider the brainpower and contacts within Imagine, and that they need some runs on the board to establish credibility for their operation. There is a lot of firepower getting behind this commencement of production and marketing of this unique material. As indicated by other posters, more announcements due soon.

Why did MRF buy a drill rig especially suited to their goal of quickly identifying which of the hundreds of existing mines in their tenements can be bought to production in good time?

MRF have done a great job in building the operation in SL, growing relationships with landholders and local authorities. Note from the FEC Report the scalability of operations for each new mine at very low cost.

As the story develops it will become clear to a much larger group of investors just what this microcap can achieve.

The story is only starting to get out.

As always, Please DYOR. (There are plenty of gems, even diamonds in the links the bear provides).