Except Woody they (Atlantic) don't need that money now. Look at...

Except Woody they (Atlantic) don't need that money now. Look at the Slide 8 below from YE preso

No need till at least July'24 at earliest.
And then its just $US38M .... and it might not even be that much as they spend US$15M on Modular DMS to generate early revenue which would could/would be invested right back into the business to reduce additional (equity) capital overall. To quote NH. My bolding

(NH) What we've been looking atis these modular units - this is a discrete investment, it'saround US$15M and for that it produces well over US$100Mof revenue in the first year of production. What we're looking at, as I saidpreviously, was breaking ground on the project next Septemberand then starting production in revenue in the following April. These units have been used in other sectors of mining -not being used so far in lithium - but the principles are the same. This provides us two advantages - early Revenue whichactually reduces the capex requirement effectively that we need to fund- but also provides us the opportunityfor training, getting our staff used to operating with the unitsbefore we start May production at the beginning of2026.

So Atlantic is doing OK IMO for funding ... they have of course the other chestnut of OTA for their share and they have repeatedly said that a prepayment would be negotiated (we'll see). I would be surprised to see a debt package for Atlantic.



When investors chose to exit may be for reasons unrelated to the company.