Ann: MLS Raises A$3.5M at a 40% Premium to Accelerate Lac Rainy, page-105

On the contrary..
Apart from the fact that decisions taken by management brought down share value, what is also apparent is any pro retail move by management may not have helped improve the share value in current market situation( lithium and graphite). The share value might have been similar what it is now even after all drilling and emptying the cash. So may be it is blessing in disguise, MLS has low share value with cash at hand. Good for long term holders, bad for short term holders or those who wanted to exit.

Open for others thoughts, criticism.