Ann: Successful Completion of Capital Raising , page-10

I think people have missed the key point here.

This is the smallest raise they have done.

The reason why they raised this small amount is so they can get over the line until the JORC is released.

When the JORC is released, they will release the optimised PFS and then can they negotiate a JV/asset sale/takeover.

Why would they negotiate without the release of an updated JORC resource?

This money will only last them a few months, so the impression i get is that they should have the updated JORC resource out and the optimised PFS out before the next two months.

Then IDC will be in a position to put a price on what MT Kare is valued at and we will see if there are any takers.

This will then trigger a financial arrangement to fund the BFS.