Ann: Errawarra - Heavily Oversubscribed Placement Closed Early, page-42

Good point,

Not convinced the raise will dump personally, but some will as stated I'm sure.

Even with the 35m shares to be issued, we are still under 100m shares i beleive. Thats extremely low SOI. Volitility will not last forever once we get some good results and a good flush. Of the say 95m tradeable shares, 20m sit with sorrento and bennelong (tight imo) and with tight T20 and retail, the tradeable shares are even lower.

Note with all this happening we have extremely good graphite results, but nothing on nickel or lithium yet. REE is a wildcard which I don't rate. Nickel or lithium positive results strap in!

Risk vs Reward. Like anything else, comes down to the drill bit.

DYOR.