This is the first TH submitted by the new secretary, one who has experience as secretary for multiple ASX companies including NPM, ANW, and AJQ. The phrasing he's using here (material capital raise) is consistent with the most recent THs he's submitted with other companies.
I'd say they've underestimated the cost of purchasing and reconditioning Lorena and are now in a bind. Think about it - why would you do an 8-figure "strongly supported" CR then follow up with another one two months later?
@tbirdsrgo I like your pluck, but your glasses are rose-coloured to the point of being opaque. GL
