ASX Today, page-43245

In respect to what the funding is for, @Polocook is correct and @dazaliam the down-ramper is incorrect.

Per page 49 of the 2023 annual report (extract below), the Company noted that additional funding would be required to fund the remaining development costs (now already completed) AND to fund the Group's working capital (operating expenditure) through to the point in time that the Group commences generating positive net cash flows, which is currently forecast to occur in Q4 calendar year 2024 (next quarter), with first concentrate production forecast to commence mid calendar year 2023 (already achieved in July 2023).

Being that the Company achieved the contingencies of development within time, and first production within time, I also believe that LTR can produce positive cashflow in Q4 (next quarter), not to confused with Q3 results which we would expect to see some time in October 2024.

Also keep in mind lithium prices are recovering and will likely be a good deal higher by the time we hit December, end of Q4.

I wish I could see the short seller faces when the capital raising is out of the question

There are probably more recent documents to confirm the above, I just happened to be trawling through historic LTR documents as I begin some new financial modelling.