Ann: Strong support for SPP, page-46

haha all good mate. No offence taken either way.

I trust management, not their first rodeo. But they have just issued a lot of new shares and while nice we could all take part, they do kinda need to justify such a big raising when we were already funded for this year.

they said a door opened that they chose to step through. So only asking they elaborate on such statements.

having $30m+ is nice, but not if external constraints means you can only spend $20m of it in say the next 18 months

Very simplistic I know

Anyway, it does de-risk from a liquidity perspective so fine for me in the long run