There is so much you don't know about this stock mate. No...

There is so much you don't know about this stock mate. No placements are necessary and they are in a position to buy more plants without the need for any other capital raisings.

If you do the math and review their cash position from production, coupled with previous agreements with Huate. Favourable agreements can be reached to expand in line with funds available.

Also, in order to consolidate, there is a need for shareholder approval. So if it runs the risk of diluting existing shareholders it will get voted down. As the corporate reality of a listed company at this stage wouldn't dare do something like that when such growth potential (with a major re-rate) is so close.

But while you are welcome to have your opinion, pare it with reality and some actually experience/understanding in how this plays out as companies go through these stages...