Suits me fine. You only pay $1100 per 10k shares to keep equity. Old offer was $1900 to keep same equity (assuming price goes over 1.60 whick imo it will once DFS done)
I like the way management are keeping the upside for current shareholders and not to some insto. Money used to speed up the DFS as it will include AreaB in JORC and some opex figures and SOP production details ($$$). Scoping study just showed it was profitable to get the overburden out of the way to start making serious money on the SOP. And ramp up to 5 - 10 mtpa :)
Fundamentals have not changed imo. Time to add.
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