Edison has a blog article about the successful capital raise. It...

Edison has a blog article about the successful capital raise. It includes an interesting breakdown of sources of finance and demand.

"According to Managing Director Joe Walsh: ‘Final subscriptions from the share registry were just under A$10.8m, representing 92% take-up. Of this, 50% was from accepted entitlements and 42% from shareholder oversubscriptions. ‘The shortfall placement bookbuild was closed after just two hours with more than A$20m in the book and considerable unsolicited investor interest continuing to be shown after this.’"

https://www.edisongroup.com/lepidico-offer-closes-oversubscribed/

So, after just 2 hours, $14M worth of requests remained unsatisfied. This may explain why some non-holders are posting in an effort to buy shares at a lower price.

LPD is not unique in its approach to satisfying existing investors first. It says much about the support by investors in the future of the company, and the reciprocal respect by the BoD to those same investors.

This was demonstrated recently in the Board's rejection of the opportunistic offer from a Communist Party-owned Chinese company to take a substantial stake in LPD so mine concentrate and IP can be used solely for the benefit of China. A non-Chinese supply chain of critical minerals remains core in the development of a global market that is not dominated by a single supplier.