In this recent interview I posted a week ago, Iggy only talks...

In this recent interview I posted a week ago, Iggy only talks about closing the US90m mezzanine finance. No mention of the stream finance. Did he just forget to mention it? I think not. Iggy chooses his words carefully.

That combined with this 30m CR + 25% placement potential right on the heels of the recent CR, makes me think the stream finance deal has fallen over.
If it has not fallen over why the need for yet another big CR?
Adding the CRs together, assuming they go for the maximum, cover the US60m the stream finance would have supplied.
Yes, we cop another big dilution, but it also means the company will have a lot less debt and more cash once in production.
Cash that can flow towards the second plant.
The three month window for the 30m raise takes us thru until the end of February.
Hopefully the company holds off the CR until after the mezz loan is finally approved allowing the SP to rally reducing dilution.