Ann: A$35M capital raising to expedite lithium business - Brazil, page-110

It was aged from the get go and now it has aged well. Kinda like my batch of coopers vintage beers from last year but I get to enjoy them even more now.

@dawgfather the only other cap raise that I saw was this good was CXO's last capital raise (30 mill worth if I remember correctly which they also matched) however that was part of a take off agreement for a set price for lithium (discounted at the time). Lithium price has increased since and there were specifics regarding the amount of lithium/ timing of production for that lithium as part of the deal (CXO/ex CXO holders please correct me if I am wrong).

I have no knowledge of a capital raise which is as bullish as ours given our market cap not long ago. The pending drilling results must have been interpreted, by the all knowing big boys, to be exceptional grades with the potential for depth.

Yes they got options which can be exercised for 22 cents each however that will contribute funds to LRS prospectively and only will only encourage the CR participants to not sell, but instead, buy buy buy and get the SP over 22 cents++.

There are risks in options, as I know too well....but given that risk, LRS was able to raise almost half of what their market capital was a mere few months ago at a share price that is at least 400% of what it was.

The naysayers can say what they like, as they will. But they can not with confidence say this was not one of the best capital raises they have ever witnessed.

Old timer LRS holders like myself know the battle we had to go through to get here. But at this point, it is fair to say that we have won that war, having got in at such a low SP.

The capital raise just gave us a war chest to fight the next battle and an advantage to win more bags for all holders

LRS IS THE BEST.