Ann: Close-out of Convertible Securities Facility, page-30

Jwpingrid. There's absolutely no way that this SPP would be anywhere other than 4 cents. They have done that deal with SIs and now are offering the same deal to shareholders. Why? Because they have to raise cash, as much as they can, as soon as they can, after clearing that debt and corrosive CN deal.

Sure, there will be further CRs, but, they have to continue with the good news to raise that SP above the current "dangerous" level.
Fortune favouring them could even see a very positive response to the PFS, from significant lenders, cornerstone shareholders, or J/V partners.
The PFS puts it all on the table for all to see.
One step at a time and Steve has also gone quite a way to show that he and his team can deliver on seriously difficult situations.
Yesterday's result would have been very close to a 24/7 job for "LKE Management".
See what the next couple of weeks bring, including the result of the SPP and possibly the release of the PFS, before we start countenancing doom and gloom again.
A win is a win is a win. Let's enjoy it while we can.