Ann: MetalsTech Completes Acquisition of Rusty Lake Co-Ni-Ag Mine, page-9

Could also be a case of “please stop drilling Adina if you want this deal to go ahead” / the deal is all but done so no point drilling further

Don’t forget:

“Li2O grades of 1.58%, 1.67%, 2.43%, 1.79%, 3.12% and 2.08% from surface”

The telling thing to me is the small amount sought at the latest CR / placement

Some here have asked why only a small amount sought and placed ?

The answer, in my opinion, is that the project level funding / sell down of Cancet and Adina is very close indeed and our directors did not want to dilute shareholder equity needlessly in the meantime

PS. Let’s not forget we have a $4.14 billion Chinese company with a more than 9% stake in our company. They are not here to muck around. The Chinese are screaming out for both lithium and cobalt atm

Opinion only, pure speculation, not advice, dyor etc