Dregs ??? If they thought they were dregs why would they become...

Dregs ??? If they thought they were dregs why would they become the major shareholder ....... ?
"Lithium Australia says it will maintain exposure to a triumvirate of quality exploration projects via a joint venture with Charger Metals, which plans to list on the ASX in July on the back of a $6 million IPO set to open this week. The lithium battery player will also emerge as the major shareholder in the new company post-capital raise.Perth-based Lithium Australia has farmed out 70 per cent of the Coates and Lake Johnston projects in WA and Bynoe project in the Northern Territory to Charger." source The West Australian