The terms and price will tell the story as to whether this is...

The terms and price will tell the story as to whether this is just another keep the lights on raise or if there is something more meaty behind it.

My guess is that they are still punching daisies and will go for around 15m at 55c. They will dress it up as saying we need feedstock for commercial validation tests, ANSTO testing on rare earths circuit, Dubbo FEED consultancy and then management and staff fees and distant last. In reality most of it will go to the later just like the past few raises and a buffer to keep their debtors happy. Grifters and junkets until proven otherwise.