Ann: Syrah announces completion of retail entitlement offer, page-18

Unusual circumstances GMNOHC in unprecedented times. I believe first and obviously why? The obvious answer is the Russian invasion on Ukraine and subsequent market volatility - fear and greed chart indicates clearly the current environment.
Then I would ask - if not for the Putin thing how would have this capital raise - retail side played out. I am sure people here have enough experience and a clear enough head to make a very different case - scenario.

Bottom line is we are cashed to progress. What if management did not choose this capital raise option may I ask?
I would anticipate we would be totally hamstrung on development of Vidalia for a prolonged period - how would that make Syrah look - how would that position obligations for excellent TESLA binding agreement. Some here need to move on (not yourself) - as the company is.

Simply ask themselves - what if we were still awaiting FID - in this very exact time now - and then ask where our sp would be - I would suggest sub $1 given the concerns around Syrah being unable to deliver - and reliant on Balama operations only for future revenue.

For me it is a big thumbs up to management to pull the trigger when they did - now the company grows rapidly and when the current crisis - market conditions pass - SYRAH will be perfectly positioned - not waiting for conditions to improve to - what - do the same capital raise but without a 10% lower current sp premium. Come on folks - get with the current global circumstances/risks - securing finances difficulties. Things were hard enough before with inflation globally impacting markets - capital flows.

GLTAH - patience now and some very positive news flow will arrive. Good - sorry excellent strategic move by management against a backdrop where other finance were either not favorable - or available.