Agree, dilution will come, but it depends on how they play the cards. If Colina plus Colina West MRE is big enough and LRS proves it's on fast track to develop it, the funding can come from prepayment from offtaker without dilution. That is why I hope more competitors join the offtake bid as I believe Colina(plus West) has that potential to get some prepayment. Only the manufacturers who have big demand on hand and are eager for Lithium resource will pay for the prepayment, not others.
With PEA and Offtake prepayment on hand, the share price will boom to a good level, then it's good time for a captial raise for future drilling and Colina development.
East Tenement / Brazil Tenement discussion, page-82
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $545.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 20.0¢ | 18.5¢ | $12.64M | 64.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 3801553 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 4743191 | 49 |
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| Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |