Ann: Trading Halt, page-16

a raise is dilution - if they issue 10% more scrip ($3.6m before costs) then - everything else being equal - shares each represent 10% less of the company

cash is typically disregarded in drillers for this because it gets burnt pre mining

then there's a market sentiment factor. in hot market that 10% discount might become only 5% because demand is so high

atm youd have to say Lithium has cooled off substantially but still solid - judging by various lithium stock sps

it had run up into the cr - so there's a reasonable chance it will fall below now the cr sp push is done

i;d expect 1.8-2c unless there's something newsy about to drop.