see belowFind it hard to believe they are ringing around doing this. They've just raised $450mil from sophs and probably could have raised more. The whole stucture of the SPP was to give everyone a chance to participate and capped at $30k. If they were just concerned with raising money, they would have not capped it so low. There is no mention of any shortfall offer in the SPP, only mention of a possible scale back. $40mil is not even 10% of money raised. So what if they are a bit short. Wouldn't surprise me if they still get this oversubscribed without any help from sophs.
Nah, don't buy it.
Just catching up with news of the week...Serbia canelling Rio contract! Well, no surprises there. I know elections are coming up there in a few months and this may just be a political stunt, with expected incoming president pro mine, but you would imagine Rio would have to be looking at us if they want to be relevant in the lithium space. It may only take an interest from RIO to wake BHP up. Still want us to take this all the way ourselves but I cannot stop others from being interested in us and the Serbia situation does shine a light on us in my opinion.
Have a good weekend all.
G
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