The register has been blown out 300%+ when most agree, no raisings were necessary given the R&D rebate
A lot of that dilution assisted certain parties to gain control and now position themselves at an average under most, and on top of that further gimme's in the form of some 100-150M options to the crew
At 0.8c, the oppies were worth $500k+. What did they do to deserve this ? Their options were priced a tad above cash backing ... A single drill hole into Halls Peak would have probably doubled the stock, likewise with a drill program at Mt Adrah
Other question no one has raised, Lithium is obviously rocketing stocks to crazy valuations. When did this lithium potential drop in their lap, as the options were only proposed on April 28th, less than 2 weeks ago ...
Surely you can't have a potential hot asset in your lap and seek options prior ?
So if they have only just found this project in the last 2 weeks, done DD to the point they can update the market on a possible acquisition, that is extremely quick isn't it ?
So whilst the flashy 100%+ looks good, there are plenty of things that look well planned to benefit a select few
