Good thing to have this cash coming in at this time, and as you say nice price to be raised at. Strategic support from this mob moving forward is a good thing and demonstrates solid confidence in the project imo. As for LSE push back, is what it is with current market turmoil throwing it's weight about the place..........
Fundo Soberano de Angola (FSDEA), the Angolan Sovereign Wealth Fund will become a strategic cornerstone investor in the Company, holding approximately 4.8% of the enlarged share capital of the Company.
The project is being developed as one of the world’s biggest upstream suppliers of the magnet metals critical to energy transition with strong demand expected from Electric Vehicles and Offshore Wind Turbine manufacturers.
PM8 Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held