There is a legal limit to how much equity you can raise...

There is a legal limit to how much equity you can raise annually.

Having said that, there cannot be a perpetual going to the well.

As investors we know that....and I think Tim sure as hell knows he has tested the patience, appetite and tolerance of the the investor base, and the market at large.
One's reputation and credibility, is dependant on delivering on promises and following through on what has been layed out as the path forward.

In the market, both reputation and trust wear thin, if the well is continually tapped and the progress minimal.

In our case, tangible progress has been slow, tied up in the red tape of bureaucracy.

I think most of us would agree, things are taking longer than we would have liked.

If you have ever spoken to Tim, which you will be able to do at the AGM on the 27th, you will sense his frustration and angst at the speed of progress.
You will also sense his unwavering belief and total commitment to what he is doing.

He certainly does not like tapping the market for money and I reckon if he had a crystal ball, he would have raised way more way earlier...I think most CEO's in the critical mineral space would be thinking the same thing. We are certainly not alone here...

But here we are, still alive, still fighting....

Some have stalled, some are in care and maintenance, some have failed.

The total domination and capital control of the critical mineral space has seen to that...lower for longer with no end in sight.

Thank fXXX IXR has a chance to decouple..........most don't, and that's what drew me here in the first place.

And I still believe although things are slow, the foundations are being laid, and the cog continues to turn, I just wish it would bloody hurry up....

Belfast and Brazil is what I am focused on, with both projects mentioned recently, but with increased fervour with Brazil. I thought it was the long term play, but all of a sudden that project seems to have intensified.

Anyway, hopefully our 'long time coming', is coming soon.

I think we all need it at the moment...