WR1 General Discussion, page-31646

The other thing to keep in mind is that we raised money 25m at 1.00, (with a 12m block trade at 85c), which gives us the runway to carry forward our development case to the market , come brownfield PEA Renard . That’s an exciting document to press our case to one and all.

While raising closer to 1.30-1.40 would have obviously been more timely , still using CFTF that made the effective average 1.00 is decent fuel in our tank at the time the tide began to go out.

While we have been on a slide since then, that is a sentiment driven exchange of buyers sellers on the interim price of lithium . Where that turns in the next 12 months ? Buyers are betting value and tide low turning , sellers are panic driven that the ocean has evaporated and tides are out for eternity.