"Imagine if they did a cr 9 months ago and then got a couple of offers from companies wanting equity to partner on the GA project. We would then be asking why a cr was rushed into 9 months ago when they had enough cash to pursue other options."
Interesting comment Should we be reading between the lines with that chuk?
They've said funding for the Phosphate project will be non dilutive, with the IDC loan they will be A$18m (USD12m) short, some of that will be covered by this cap raise, so I'd hope no more cap raises to fund the remainder (as per their guidance).
That leaves more debt or possibly bringing a partner into the GA project at the asset level (or possibly P4)
