16.5 cents when announced NAIF.18 cents when announced Green...

16.5 cents when announced NAIF.
18 cents when announced Green loan and export credit.
So rather than do a big raise they F around with the nickel, persist with the idea that their MOP converting operation will have the lowest CO2 emissions (it won’t, that currently rests with AMN), crap on about the Laverton training hub (closest thing they have to a relationship with the NT claimants), green certification etc.
The “debt piece”, which will be relatively small, was supposedly the final piece of the puzzle and it now looks like it won’t help to reduce dilution because they are raising at 50% of what was possible pre-SO4 going belly up.
As always, what are they not telling us. They are clearly in overdrive trying to maintain their reputation even if it means making references to trenches (the insinuation being trench was a major reason for SO4’s problems).
Shackleton is very clever at promotion and avoiding highlighting anything that was previously said that subsequently turns out to be dodgy, having all the mining leases is a good example.
Easy to be critical but why did they say the FID would be early 2021 when it is likely to be 2022. Why didn’t they raise much more in March/April?