Bit of a broken record there Ralii.
Fully funded for IW2 and getting more funds for IW3 or whatever are not the same thing, so I really don't get the whole misleading angle.
And if you go back to the first London presentation Dave made it prety clear that there would be more strong potential for more dilution going forwards, where from and how depended on response of market and industry.
You got to spend money to make money, and sometimes balls to the wall is not the best play when a bit of risk can be managed and mitigated.
However, this is all academic until the official company announcement is made, let us reserve final judgement until this point at least.
All of this will be forgotten if IW2 flows and the share price jumps.
And all of this will be remembered if there is a technical problem with IW2 and this cash gives 88E get out of jail free card, instead of ending up effectively giving away the leases.
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