Ann: IGO: Lithium Joint Venture to Acquire Essential Metals Limit, page-50

Cap raises are just part and parcel of increasing your discovery. ESS has low amount of shares and would be raising at damn good SP's. I was in CXO and took up there Cap raises , Two of them fully in my and my wifes names, back when they had lots of shares out there and the raises were around the 31/2 and 41/2 cents. Look at them now . Just part and parcel of what has to be done to become something big.
This shows why longs have invested in ESS as why does two big companies want our around 400 square klms of ground.