Ann: Binding offtake agreement signed with LG Energy Solution, page-1108

Yowzers- once again we see that the announcement is worth more than actual work. Why aren’t they drilling those targets seeing as what they have now, BFS numbers and offtake, hasn’t yet triggered funding?

Could it be that they hold little faith in what those targets might bring?

On balance I’d have to say yes, they have low to little confidence in those targets. Otherwise they’d be spending on drilling them now.

What are they spending on instead?
Where do they see the highest potential of reward?

Issuing more shares to themselves.
Low cost, high reward…. for them.

It comes off as the Board saying the following:
‘Do we drill? Nah’. ‘Do we hold an AGM? Nah’.
‘Ask for an extra allocation to give ourselves shares on top of the regular CR? Yeah! All hands on deck for that one!’

Oops! No mention of nickel at all.