"I think it would need to be done at a premium to the current SP...

"I think it would need to be done at a premium to the current SP which is just a result of the CR. Somewhere around the 9.5c we were trading at before the suspension. That would help restore confidence & make us less reliant on debt."

How would MNB be able to raise at that price, exactly? So far all the raises have been at 30% discount or more. The most recent one was even close to 50% if the free options were factored in.

Or is it because we are close to production? The most recent CR was also close to production (if we are to believe that production is next year).