Ann: Successful A$35 Million Placement to Fund Company Growth, page-13

Just like a bandaid....
No time for an SPP as the sweeteners are All set for release by years end re. Offtake and Finance & DFS. He is a shrewd operator. The timing will ensure momentum isn't stifled with a CR following Offtakes and the like. As stated a few red days and shitty sentiment is par for the CR course. That is untill the snapback. Cash on hand for both ore and HPM sides of the company and clear timelines as per below...all with only approx 180 million shares outstanding.

'Placement funds will assist in the continued optimisation of our Butcherbird Manganese Project, as we progress our staged development plan. We are also successfully continuing our negotiations with potential offtake partners, including offtake financing strategies, which remain on schedule to be finalised in line with feasibility study completion in December 2022.This capital injection will allow the Company to continue its rapid growth strategy centred around the world class Butcherbird Project to supply both the traditional and new energy battery markets.”