Possibly.... but if you can't raise capital at a decent price how else do you propose to move the project forward? At this rate, the market cap will not be high enough to raise enough capital. A small raise is not an option as if they experience more tool failures the subsequent raise would be a killer for LTH. If they raise i suggest they will be looking for another $25M which will be difficult at the current market cap & whilst farming down say 20% or so may seem like giving part of the farm away, capital is needed to move forward. If they can get better terms than a cap raise which seems highly likely to me i think that is what we will end up with. Raising enough just fir MK2 is not an option as they need contingency as the last well proved + additional capital for plan B if needed.
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