Ann: June 2023 Quarterly Activities Report & Cash Flow Report, page-91

keep using the recent funds we raised recently and continue at current rate it only option now, share price might sideways, or complete the Reverse H/S in anticipation of the MobileMT however if any other positive news comes (such as MobileMT or other drilling results) to further prove the claim of a ‘very significant system is potentially emerging’, you don’t want to raise on a potential downtrend (that could occur if large raise occurs) and have a bigger overhang in excessive shares just yet, otherwise could end like STM did, management is doing the right thing in my book and waiting.
All Imo