Expect a Capital Raise in February 2021, page-5

I'm at the point where I no longer care.
What's done is done, the SP has been driven down, so any equity investor will take a massive chunk of the company. So be it.
Whether capital is raised at 1.8, 1.5, I really don't care. I'm more interested in us actually getting an ANN telling us we've got, say, $4m in BFS funding. That would represent the first announcement signifying actual progress since early 2018. It's worth remembering that a number of those that actively supported the appointment of the present board are heavily invested in KFEOA... there'll be plenty of pressure behind the scenes to get those in the money.
Yeah, we're presently widely viewed as a spud stock, but a lot can happen in 10 months.
Anyway, the board have promised news of a capital raising before the end of next week. No reason to think this hardworking, newly incentivised board won't deliver on that promise.