Suggest you read the preso again, they clearly state that they are working on getting together a working capital facility, presumably with some bank backing. Will that cover everything from here on in? Maybe, maybe not? What they have done successfully however is raise at a higher (admittedly not by much) price than last time so the perception of a "cycle of ever lower CR's has stopped". Will there be another? Maybe? What would the SP be then? Higher? Lower? Clearly anyone is entitled to opinions on this. What it definitely does do is give them a better runway to field further TO offers. Time will tell if they get taken out or if they make it to production.
Uhm, RIO and a lithium specialist is not quite the same. I would take a cash sum from RIO but I'm not at all interested in their scrip.
GLN Price at posting:
11.0¢ Sentiment: None Disclosure: Held
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