"...and showing a real vote of confidence in the quality of the asset! "
Absolutely, and CATL would have assessed that quality very thoroughly.
We have a pretty much guaranteed path to survival and have not sold off part of our asset cheaply. The Lithium surge will soon return because EV's are guaranteed to push the ICE aside within a few years and our assets will reap the benefit of the resurgent lithium price. Sure, we have diluted somewhat but the resurgent lithium price will go to benefit all long term holders and not just those who were looking to own a proportion of the company cheaply. They can buy their lithium at the going price of the future.
Ann: Pilbara Minerals Equity Capital Raising, page-201
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