Ann: Trading Halt, page-15

I agree.

In my opinion, they do not need to raise cash this year. So there are 2 potential angles for doing so now:

1. They were previously hosted by RK Equity, which is PLL's adviser at the very beginning. We could potentially see big US institutional money coming in at favourable terms, which is a good sign as those investors are long term holders; or

2. We may see another major lithium player join the share registry. Last time they did a capital raise, they brought in Yibin Tianyi and the share price took off from the boring 40c level.

In any case, I expect GL1 will have a decent war chest to accelerate the development of the existing assets and / or acquire additional lithium projects. It's all about tonnage and grade with lithium. The more you have, the better the economics.