Ann: Trading Halt, page-159

Brilliant timing. Wait till we sink an albatross on the par 4 first then raise from Huayou/CATL/?? at a price that accurately reflects the size of the prize. Suitors are pressed to pay up with the knowledge many are circling with drills working. JORC will only multiply the price of admission.

My guess : 10% for $75m. Anything cheaper would require something else in return - an offtake which would be flagged in the ann. Works out at 'only' 33.2c so I'll expect little and hope for more.

$13m in the bank 31 Dec so $75 should well and truly get us through to a DFS, pay for long lead items and decorate any debt we might issue. A final raising to mine would be best if it's at a discount to a known NPV imo.

Happy weekend