I agree with you on the need to aggressively drill and expand the SP, but it's not like they're running out of cash. So where I disagree with you is in this case it actually looks worse raising before results because if results are coming soon, raising into that would be temporarily annoying but better for long term holders as it minimizes dilution.
Though in their defense perhaps they're doing this based on what's going on with other lithium across the sector and trying to capture a decent price now. So it's not as bad as a raise at 70 or 60c.
I agree with you on the need to aggressively drill and expand...
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Mkt cap ! $12.51M | |||
| Open | High | Low | Value | Volume |
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