The $25M CR at 58 cents is not that big a deal but what is a big deal is that they did the last CR only a few months ago and this top up seems to be exactly for what the last one was meant to fund.
They will lose a bit of credibility over this as the market will now be a bit more cautious now and the company will now need to prove they can manage cash without having blowouts on project/development spend.
The gold and Lithium is still there and things still look very good but this is one step back.
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