Ann: Trading Halt, page-471

So it's official - 100mill extra to the company coffers - apparently to do the same thing they needed money for last time ..... Hard to imagine that they can't add up to 150million, which I'm sure they knew they will/would need/make a use of. To go to the market twice for the same thing in one month - and even attempt to deny that they are not in the process of doing so was real punch under the belt 100% - at least for those who swallowed the "Exceptional story of updated PDS" and topped up .... clearly there was a different plan for institutional buddies....
And taking all money from SPP over subscription was also pretty greedy - now people like me who applied for the full amount are left to redistribute over-allocated funds on our own - I suppose it would be easier with bigger profit than a smaller one ..... in the meanwhile other potential plays have sailed on!
I understand in this game a retail investor is the one with least control and our only vote is to getting on or getting out. Why to whinge? well lithium price is on fire (check latest spot - it's going vertical again) & so are many lithium stocks (check AVZ & INR - just today's price action) - that's the nature of major hunt for global resource upgrade - on such a day to drop some 5 to 10% for one of the greatest lithium plays on the market is a sorrow view - but good luck for the bright future. Was this all this company needed to recapitalize? Well, come the highly promoted split & I would not want to bet on it - not with big bucks anyway (company's current claims can be read many different ways as many FFX investors over the scope of last 7 days have learned).
On my part in spite of not wanting to get into the 'company sale story', I did ... with FFX .... didn't put all eggs in one basket but strongly tilting that way. Of course it would be a good idea if I was right and pick the best play out there - I wasn't, but at least I'm not bleeding. In any other case those who want to play the lithium game (like me) need to learn here - and learn fast. If lithium is the play then lithium companies are only vehicles to get this thing happen. There will be number of big winners - the task is to find them when they grow and as a retail investor one can gain a benefit from participating in the process - betting only on one is a very high risk approach and even the best resource might pay off more for one participant of the process chain than another.
And so, now wiser, I'll be changing my approach & widen my horizon ..... let the winner be found among many not just one.

Happy investing - setbacks are only temporary, no loss is ever final if you dare to just get up & take another step.