Ann: A$100m Institutional Placement, page-252

i think we will go on a cash splash to tick some key boxes for hydroxy FID which will be on the immediate horizon. drilling everything extra hard to guarantee feed for many multiples of payback i think is the only hurdle. we will have the cash in spades by end of CY23. Tesla will no doubt part fund it in exchange for supply security, but will want some more mine life. getting BP33 online asap in order to allocate to Tesla is behind this raise i think. may have upset GF and they decided to dump a heap of shares. but in the end who really knows.
when we find out who the buyers are and also whats in the newer tesla deal later this month, maybe we can piece it together better.
i reckon our prior CR subscribers are the ones that are lending to the shorts. they are in at 25c and want to hold long, so they dont care about it dropping to $1 short term. double bubble.