However, CR is not an overnight thing. So from my view, this must have been negotiated a while ago and preliminaryagreed, pending the results from the drilling program.
I do agree with your suggestion it may have been negotiated a while ago... I just challenge Order of Business.
History now shows the first order of business was to get the performance rights issue out totalling 16.5 million shares in total across 3 tranche's @ 34, 40 @ 44 cents.
Then a TH for a CR right when the first hole has been completed, no analysis but core looks good and no official news on the actual status of the 4 remaining drill rigs with a near full drill program outstanding.
Let's hope the light at the end of this tunnel needs to be minimal dilution on debt funding and a CR north of 34 cents and one structured for all, not just tokenistic for retail shareholders.
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