Ann: Presentation -A$47M Equity Raising to Drive Ramp-up atMorila, page-141

I think CR is definitely required
- to speed up the current projects 40Koz to 1500-200Koz, drilling and listing LiCo on asx, etc
- $40c/share is a fair value to institutional, not to retail SHs due to requirement for fast and effective CR
- Last CR on Sep/20 @16c, SP dumped from 18c until months later as flooding with the good news then up to the latest 55c

History will repeat with more exciting drilling results, approaching target 150-200Koz and additional LiCo progress

Keep FFX in a draw then wait for a while. Deliver a baby taking 9 months, need time to see the progress