there will definitely be more than one, as i said, 5 quarters of cash left before they need to rely on the financing facilities and in addition to those facilities being agreed in the days when LKE would be in production for 50ktpa in 1 year, its not a long term strategy to run your pre-revenue company through debt financing, a raise around 40c could net an additional 80-100m which lasts another 18 months with current spend, no real tangible profits until 2029 and remember 25% of that goes to lilac
Ann: Investor Operational Update, page-44
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