Yeah it’s a better result than I was thinking. But just wait and see when the production numbers come out. Don’t forget that in the $190M raise they had various funds allocated for exploration - they can now swap those out for the funds raised in this round, and put the other stuff towards NAL production costs.
Ramp-up is expensive, especially when you give the margin to someone else. You’ll see.
But this raise minimises dilution in the short term which I was happy to admit in a subsequent post.
Ann: Trading Halt, page-386
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