This is a little discussed scenario.
I mean, you could technically buy cheaper on market. But say you do, that doesn’t help the rights issue raise.
If people turn their mind to the thought that, if they don’t make the $5M raise, then effectively the investors money is in wayyy more trouble. So it is in peoples interest to actually participate.
There is a lot in the pipe work and I think it’s great they have held off in regards to DFS, FID, Mining lease etc.
1 year ago, the government did not have much interest. We now have bodies specifically looking at how to make the most of this future changing economy for Aus.
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