The first paragraph sounds very much like you are commentating on the neighbours MO, who find themselves in that very scenario about once per year.. Ian and team don't work that way and haven't from day one...
I agree past FID to end out 2023 more funds will be needed, but this could well be a part of entire project financing and not just a cap raise to keep the lights on..
Ian will run it on an oily rag to keep dilution low, doesn't offer big discounts to make raising easier, and with all the progress milestones to come in the next 2 to 6 Months, I would bet they're willing to hold out and let money get a bit tight (a few mil in the bank tight) until much of the big milestones have been hit and SP will be out of the doldrums.
TMT Price at posting:
35.5¢ Sentiment: Buy Disclosure: Held