Ann: Placement oversubscribed to raise $4.5M and fast track PFS, page-4

Wow! That is a serious capital raising in the current environment!

A lot more than I expected or thought was possible in this market. Especially given MNS only raised $3 million.

This takes away all of the near funding risk and fast tracks the project through PFS.

I strongly believe the biggest risk in this market is not having adequate capital in the bank. No matter what I’m told I don’t believe any company can orchestrate a successful offtake agreement/s when they are seen as vulnerable and have little cash.

This removes this risk and now paves the way for Stephen Hunt to go and bed down an offtake partner IMO.

I note that he and Matt Bull have also participated in this raising.

Onwards and upwards from here,
sK.