Could be disasterous for INR if it’s just a capital raise only....

Could be disasterous for INR if it’s just a capital raise only. Management have previously stated we were fully funded until FID. So it would be 1 a spit in the face of investors and 2 shows management incompetence. That is IF it’s just a capital raise. We don’t need more shareholders we need offtake.

Last years 40mil placement

Successful Completion of A$40 Million Placement Highlights• Fully underwritten Institutional Placement has closed raising A$40 million to develop ioneer's 100% owned Rhyolite Ridge Lithium-Boron Project ("Project") in Nevada, USA.• The Placement was strongly supported by existing shareholders and new investors including high-quality domestic and offshore institutions.Friday, 22 November 2019 – ioneer Ltd (“ioneer” or the “Company”) (ASX: INR) is pleased to announce that the Company has completed the underwritten institutional placement (Placement) announced on 21 November 2019. The Placement was fully subscribed, reflecting strong support for the Company, driven by ongoing interest in the Project.Goldman Sachs and Ord Minnett acted as Joint Lead Managers, Bookrunners and Underwriters to the Placement.Proceeds from the Placement will be used to advance the development of the Project by funding the Company through to Final Investment Decision, including:• Completion of the Definitive Feasibility Study (“DFS”);• Advance detailed engineering beyond the DFS to approximately 50% completion;• Completion of the environmental approval process; and• Ongoing working capital and potential long lead time items.The Rhyolite Ridge DFS and decision on relevant environmental approval process are anticipated to be complete by Q1 2020.The fully underwritten Placement of 200 million ordinary shares (“New Shares”) will be issued using ioneer's 15% placement capacity pursuant to ASX Listing Rule 7.1. New Shares will be issued at a fixed price of A$0.20.Settlement of the Placement is scheduled to occur on Tuesday, 26 November 2019. New Shares issued under the Placement will rank equally with existing ioneer ordinary shares.