We can't deny JP has always steered this ship in the best...

We can't deny JP has always steered this ship in the best interest of shareholders so I'm going to go right ahead and presume this present financial manoeuvre is also in our best interests.

Why wouldn't i? I'd have to be extremely cynical to fly in the face of such a deserved reputation and conclude otherwise.

My best guess is JP is of the opinion the next 12mths could see world financial markets plummet massively, and securing funds now, however seemingly unwarranted in these blue skies, may be a very prudent decision in keeping GLN powering towards actual production, at a time when our peers may be absolutely unable to raise CRITICAL capital, and therefore be left floundering - literally unable to progress at all.

I believe JP is once again being extremely cautious and taking the safe road to *ensure* GLN will endure a possible market collapse, and CONTINUE TO PRODUCTION regardless - albeit at the unfortunate but necessary cost of dilution...

I can only presume JP has elite level consultation on these matters, so what choice does he have if advice deems this scenario somewhat likely?
In chess, if you are to win, you MUST protect your King by all means necessary.

How high might our SP climb if 1/2 of our peers have completely stalled due to the inability to raise funds in such a diabolical and possibly prolonged market??
What might become of our SP if only GLN and a few other players are left to supply the entire global EV market?

Check mate.

In JP i trust.
I vote Yes.
I vote hell Yes.