The thing that bugs me about this isn't the CR itself, it's the lack of transparency.
We initially raised 20 mil for that we were promised would take us through to DFS
Then LG and POSCO bought in and we were promised this would accelerate the process.
Now we are almost DOUBLING the previously raised cash.
There will need to be clear explanation of where the funds are going, and of what has changed over the previous few months. If that's not given I will be starting to question competence of management to see this through on time and at a reasonable capex (first time doubting I know).
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