3DA 2024 and beyond, page-162

Agree a cap raise will be undertaken but can’t imagine that it will happen until we get full qualification of our powder at which stage the share price will likely pop on the news. Hank too smart not to raise into good news. Also agree a little odd Hank visiting oZ but when thought about we represent around 47% of holdings I think, so great management should put time and effort into OZ…turns out a tick from me and certainly nothing desperate in his tone. Regards cap raise, worth noting that for US govt funds I believe we need to remain above a 50% US held threshold so I’d think raise would likely be US based as Hank alluded to…maybe small raise here? Just my thoughts, dyor as they say.