Yeah definetly seems a bit excessive (though not as bad as 100mil shares). I would like to see a very comprehensive use list of why they need 2-3yrs of current cash burn when FID is expected by September and undoubtibly another CR for the ~$200mil needed to build the mine. If theyre planing on FEED and early works thats good, but I want to see a BOA in the next few months otherwise we're just pissing money against a wall and raising early for no reason.
Otherwise average down, and sell back to original holding when you get the chance IMO
Ann: Trading Halt, page-25
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