Because there is no guarantee we need to be hoarding the money...

Because there is no guarantee we need to be hoarding the money since there is no guarantee we pursue Rentails at all, let alone anytime soon, especially given management commentary of Rinrose > Rentails. So why not just raise if/when we need it. It would also make sense to buy back cheap here and raise later at higher price (presuming BB results in material higher prices as I suspect it would all else equal) as overall we have same cash and lower dilution. Understand now?

Yep fair enough. I was hoping for different and if it happens we will see a material rise in SP like we saw on the initial BB announcement. I do take your point that there is no point whining here on HC if management not going to play how I think they should. I did come for initial macro tin but even high tin prices are not giving us the same EV as last tin run we had. Anyway I'll stop whining about it now, I've posted my thoughts