Ann: Quarterly Activities Report and Appendix 5B - December 2021, page-167

The catalyst for an instant rerate would be the BOD detail their position for funding Flames if they are to complete Jewel, Rangers and Flames by mid year. This is the singular reason the SP is being held back....imo.

Oppies attached to Capital Raise are about 50% converted and there are another 42 million in the sellers column at the moment. Expiry date will start to play with investors emotions.. those attached to CR and purchased sub A$0.009 should get converted the remainder will start to get interesting from a trading perspective as the clock runs down....

Without any external pressure on the market a simple announcement could be the catalyst for a rerate... a bit more selling of heads to fund option conversion then We are up and running North of A$0.030 without world or political interference.

But hey what do I know?

Good Luck All