Ok.A bit to digest there. The presentation is nice and gives a...

Ok.

A bit to digest there. The presentation is nice and gives a good snapshot of everything we have going on, but I imagine it's primary purpose is the remind everyone what the prospects are and put the CR into context.

So, the numbers...

With this raise, we are 'fully funded' into 2025. That's good news.
And yes, getting more institutional investment on the books is good, however vague the 'consortium of investors' is.

A 10.9% discount to the trading price is not outside the boundaries of the typical numbers for a CR.

But...

28.5c options for 2025.. With the current SH group sitting on $1 piggyback options for 2023 and the last CR at 35c is a kick in the teeth short term for the existing investors.

I've been a massive supporter of IHL, the bod and Joel for many years and will continue to stay invested in the company, but this is definitely the first question mark for me.