That's not how I read it. "In parallel with the closing stages of the FS" is now. Raise the money, build it and have it pumping out samples by early next year.
It will be interesting to see if GXY respond. They may not have been aware of it and only get to participate on equal terms. They will be entitled to, after all
Ann: Entitlements Offer to Fund New Development and Growth, page-27
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| LPD (ASX) Chart |