They are sitting on at least $30m in cash, it was $39million 3months ago.
They may issue shares to a new strategic investor like a battery maker....Phil St Baker mentioned this from the 29min mark...as a possible way to ensure they get all the graphite they need...
If they decide to expand with the backing of a battery maker, someone like Samsung SDI or Sanyo/Panasonic or Tesla, or CATL or SK Innovation or LG Chem....
”whether they invest in us to make sure we get there...”
Even if they chose to go down the path of shares and debt, instead of the current debt only plan for expansion, the additional 10% or ~35million issue of shares, hardly impacts the share price as the Puregraphite anode volumes rise above 10,000 tpa, let alone at 100,000tpa+++
Ann: Notice of Annual General Meeting/Proxy Form, page-19
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