With all that unexplored land in the Pilbara region, to go on a spending spree in a winter land country like Sweden and then go to the US to top it up is a crazy strategy if you ask me... there is no money to fund it either, so more and more and more dilution will happen for certain.
However, this strategy ensures that the unsuspecting people get sucked in and will have to wait and wait and wait for the next big thing to come through. The BOD's salaries get paid every month regardless...
The biggest shareholder, Suzhou Ta & A Ultra Clean Technology Co Ltd, with 75 million shares owned, was in it for lithium in W.A. Imagine the impact on the SP if they want to get out next!
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