We knew a raise was coming.
But to raise with this mob again….. well, you know my thoughts on that.
I believe the 15 million shares they recently released, is all they have left from the original 50mill odd (happy to be corrected).
Plus their options that they got from the initial tranche.
They added selling pressure, obviously to try and setup better pricing for the following tranches (if they were to go ahead) and also the pricing at which they go their allocated shares.
An incredibly poor entity to raise to IMO…. and why raise prior to the BFS ?
Cheyne
News: LCK Leigh Creek Energy Says To Raise Up To A$20 Mln Via Placement, page-7
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