I hope they don’t need a CR at this stage. For one, it won’t raise much - a drop in the ocean against the funds needed to construct the mine. Plus more dilution we do not need. Plus a lower share price may deter prospective key investors. Plus it would look a bit needy - perhaps even desperate.
And two; surely they have funding all but signed off ready to rapidly start the mine construction needed to pursue the WA battery project. Hopefully it is as Lewis says - just waiting on 2 approvals. In theory OFS should be finished, and FID announcement ready to publish.
AVL Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
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