My instinct tells me that a capital raising will follow soon.
Funding for LHM restart and other cap ex activities is going to be needed.
This presentation contained little new information but establishes the investment thesis for a broader shareholder register equity raising, outside of existing users.
FWIW, I have lightened my holding in anticipation of full participation in a raising, should it come, or to quite simply lock in part of a 10 bag profit.
Personally, I see no downside in either outcome (other than a bit of CGT), but would prefer a CR to enable all holders to reload and recapitalise the company cash position.
GLTASH
My instinct tells me that a capital raising will follow...
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