Sorry @curiouser27 I didn't reply with substantiation to my comment that management provided a $2.8 million non interest loan.
Referencing to page 8 and 9 of the offer document.
On 16 October 2019, the Company entered into a conditional agreement with Katsura Holdings Pte Ltd (Katsura), a company controlled by Mr Buckler, a Director (Loan Agreement) for the provision of a $2.8 million unsecured, interest free loan (Loan) for the purposes of providing funds for the Company’s general working capital requirements pending receipt of funds under the Offer.
One thing I will also point out is the timing of it.
One day prior to hitting the market with the September Quarterly and announcing the Capital Raising.
Ann: Altura Completes October Shipments of Lithium Concentrate, page-129
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