Its bordering on Insanity.
If they have to raise, why can't they raise something like 50% and borrow 50% to lessen dilution.
We are NOW a producing company.
We have income and a healthy profit margin - despite some problems with recoveries.
Why the hell raise at such a discount and at 100% equity???
Have they NOT heard of borrowing? Other Li companies like PLS have borrowed lots of money for its growth!!!
Ann: A$100m Underwritten Institutional Placement and A$20m SPP, page-10
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