In the last investor webinar (within the past 2 weeks), Hank...

In the last investor webinar (within the past 2 weeks), Hank mentioned that he expects the share price to re-rate after qualification of the powder (C-103) with the off-take partner. The off-take partner will then be named, and there is a binding agreement for the partner to take another 2 tonnes of that same specialty powder.

In that same webinar, he mentioned the next cap raise (at the expected higher share price) would be around A$45m. He specifically said they had enough cash at the moment.

Based on this, I don't expect a cap raise at the current share price.

But DYOR, the webinar is pretty clear on what the likely inflection points are over the next 3-12 months.