I suspect we are quickly reaching a key inflection point in the story of Cassini.
Fact: Cassini does not have enough cash to carry through any substantial share of an eventual (read: inevitable) mine development.
Option 1: A substantial capital raising.
Option 2: Debt funding.
Option 3: Divest WMP
Option 1 would obviously dilute existing shareholders, but yields less exposure to coupon and debt covenants
Option 2 could come at a substantial coupon, but without the risk of dilution
Option 3 could come at short term gain for shareholders, but potentially leave a lot of money on the table.
Without the details, I cannot say which one is the most value accretive two shareholders. WE just need to trust CZI management to navigate this jungle.
I suspect this is a crossroads. Either substantial shareholder value will be created, or destroyed. Lets hope our management is astute (I think they are)