This is what Joe Bishop says on the RCF website. Presumably, it...

This is what Joe Bishop says on the RCF website.

Presumably, it also relates to how he feels about the raising at 3.6c.

"There’s a lot of similarities with some differences. Lithium is a big part of the market in Australia, so that’s been a bright spot. And, we’ve also had some high-profile discoveries. However, in junior mining, the market window for financing opens and closes quite abruptly and a lot of junior company management teams are feeling the financing market window is currently shut, or very narrow. As investors, that means we’re seeing bigger discounts, we’re seeing full warrants being issued, and we’re seeing preferential rights on the table. Junior company management teams are having to work harder to attract capital."

(I think RCF got their's mid last year at 3.2 plus an option for every 2).

All IMVHO.