According to AFR - you shareholder plebs should be chuffed that we expanded the CR to $50 million we are so good to you, a reward for our shareholders, blah blah blah. Next minute - Euroz snouts in the trough for over 50% more than the SPP. So following the same logic, that's as a reward for all the sell downs they subjected this stock to in the past while spruiking higher price targets? (If true of course)

Firefinch readies $80m raise

Anthony Macdonald, Yolanda Redrup and Kanika Soo

Dec 8, 2021 – 11.25pm

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Listed lithium and gold play Firefinch was readying fund managers for an $80 million raise late Wednesday.

Street Talk. Louise Kennerley

The raise was expected to launch as early as Thursday morning, after investor soundings earlier this month.

Canaccord Genuity would be the lead manager, with Firefinch’s house broker Euroz Hartleys potentially also getting a role.

The raise comes two days after Firefinch’s release of a definitive feasibility study on its Goulamina lithium joint venture in Mali, which is due to be spun out into a listed company early next year.

The DFS said Firefinch had the potential to become the third largest lithium producer globally, and its project was development ready. The final investment decision was due end of 2021, with first production slated for early 2024.