Ann: Drilling starts at Skuterud Cobalt Project, page-24

Which is exactly what the preferred brokers and insider sophs want. So they can get all of the shortfall... hence the plunge to under the placement price now to make it a seemingly unattractive proposition to retail at first glance.


”...Shortfall Placement

In the event that less than $2,000,000 is applied for under the Plan, the full amount of the shortfall may be placed at the discretion of the Board subject to compliance with all necessary legal requirements. The Company confirms that any issue of shortfall will be placed subject to the Company’s compliance with ASX Listing Rule 7.1 and/or 7.1A at the time of issue...”