Hi timbin, yes let's hope it has something to do with this from the LOI announcement
"
Lionergy will be Altura’s exclusive agent in China with respect to the proposed financing, and the parties have agreed to work together to ensure the most appropriate funding arrangements are achieved for development of the mine in the near term.
The LoI with Lionergy is focussed on providing a substantial amount of the funding required to build and commission Altura’s Pilgangoora Lithium mine via a mix of debt and equity with the details to be finalised upon receipt of a detailed Terms Sheet. "
I think the amended off take agreement had finance to be complete by 22/1, so hopefully it's some substantial progress on this aspect.
No sophisticates on here have been advising what the raising is, so perhaps it's not a run of the mill SI raising?
Thanks
AJM Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
