Ann: Non-renounceable Entitlement Offer to raise $13.8 million, page-7

I agree that dilution is not great and I would prefer less but they need to get this over the line...

However, for me, the major short term key for this stock prior to first electricity production is the final L6 well flow rate...
Their recent announcement regarding the initial flow rate was very encouraging but needs to build..
The higher the flow rate, the less capital required to expand to higher levels of electricity production...
The higher the flow rate the more electricity they can produce quicker and cheaper..

As the company has announced previously, every MW of power is worth approx $1m revenue...
The company is contracted for 10MW CSM electricity in Stage 1 but has contracts and approvals in place to go to 20MW very quickly...
Also, they have approvals in place for a further 20MW of solar power generation ...
Once the base load CSM electricity is in place surely the solar electricity can be built comparatively quickly and cheaply..??..
Any ideas..??..
And don't forget that the initial government target is 100MW just from CSM...
Beyond that, the project would to be on the international radar...