either way, i think you are right about a cap raising coming, but i doubt it will be before they announce a JV partner, which would impact the shareprice drammatically, as it would bring the $12m+ in gov grants within reach.
after discussing it with the company, my understanding was that they would have to do one some time in the next 4 months.
i guess they want to sign of this JV first
charting thread-free chart, page-6
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