CEL setup at play, page-224

Why would it be Black Rock after they tipped in for $2.6m at 19c back in September 2022 in order to maintain their relative % shareholding after QRC came on board for $22m. The QRC debentures convert to shares at 25c - look at the "Capital Raising Investor Presentation" dated 9.9.2022

BR are not Regal who manage placements & then tip all their stock out, even at a loss - they are in this for the long haul as they can see the obvious potential

KK said (if I recall correctly) in one of his past interviews that QRC would be happy to step up to the plate for further funding. Also remember that Andrew Forrest & Jack Cowin are major shareholders in QRC. They don't often make stupid investment decisions!!