Ann: Mali Lithium to acquire Morila Gold Mine to become producer, page-485

Nowhere or down given the huge dilution.

This might work out very nicely in the end, find a good zone or two either around Morilla or our land, but the project has a lot of proving itself to do before a SP rerate. It might also just provide an ok-ish income for a company with the MC at $100 mill - but that's a decent "worst case" IMO.
It's a shame they couldn't fund even 25% via debt to limit the dilution which I'm very disappointed about.

I guess it's better than sitting still on a lithium deposit nobody wants for at least 2 years though. There is potential upside in the next year, and that's far more than we had a week ago.