Ann: Core Lithium Secures First European Offtake, page-159

It means it’s being offered to all and sundry - “sophisticated investors”, and there’s likely to be zero strategic benefit in terms of a partnership component.

It looks nothing more than an opportunistic raise to take advantage of momentum.

https://www.freshequities.com/ASX/CXO/offer

So it’s positive for the company that it is likely to be the last CR before finance is organised.

But expect this to be dumped on open and heading to the CR price of 4.2c within days. It almost always happens.

The good news is that there’s a lot of news in the pipeline to bounce it back up again soon enough.

SB clearly didn’t think the run and momentum would continue so looked to raise now. Personally, I’d have waited a few more weeks and we’d surely have been in the 8c area.

Hence miffed long term holders, myself included.