Unfortunately we are looking at quite a bit of dilution at the next CR, unless if the SP can really get running further in the right direction. While low MC is awesome for new buyers, the risk of having a $9m mc means if they were to raise $4.5m a further 50% more shares come on the register. The other option is I sell all up and cross my fingers for a 4 b@gger elsewhere to make it back up, and I know too well what can happen at the ASX casino.
The good news is these guys are really slow at spending cash, there has been no CR since 2022.
Maybe ITM gets lucky and gets some money from the Labor gov to progress the graphite project, graphite is a critical mineral after all..
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