Hartleys Research Report - 12 month target 5.6c, 2021 for 11c, page-6

Yeah I got that. AU$100m - CAPEX = Whopping WC allowance. A raise that much kills so much upside, but raise too little and market will not have faith. I can't see the smart move here being to raise enough to comfortably get us into breakeven cash flow. Not at this share price. Get us to production and work on pre-payment options with worse case being to equity raise in 12mths for working capital to then get to break even.

Definitely a buyers market for large flake given SYR can supply the entire global current demand times over as I understand it.