At least they have been smart about it - no dilution to shareholders if you decide to participate, and also a sweetener with the options which works to the benefit of the shareholders and the company.
Best hope is a recovery in the lithium price at the end of this year and then a deal with someone like MIN to mine and process the ore.
It's not a huge cost to me so I'll be taking it up.
Ann: Non-renounceable Rights Issue to Raise up to $4m, page-5
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