Ann: A$200M Placement to Speed Quebec Lithium Production, page-180

I'm peeved that shareholders were not offered the discounted shares via an SPP. Surely it was feasible and fair to have done that. They place the issue with a financier that deducts a commission and charges fees in addition. That immediately reduces the funds obtained. Then that "financier" can sell those shares on at a discount and still profit from the deal. The next thing is the SP crashes because they place all those shares on the market.

They also appear not to have given borrowing to part finance the project, consideration. With current income and forecast future income they should have a good case for loans approval. I wonder how many of those making the decisions have a degree in Business Management. They don't seem to operate along the lines that I was taught when obtaining my degree.