that was my understanding, 25% of MC every year maximum upon shareholder approval of the additional 10%, if LKE were smart or serious they wouldnt have blasted through that 100m they had a year ago, that would last any reasonable explorer half a decade, but LKE spent like the good times were never gonna end and only reigned in the spending right at the end after wasting nearly 100m AUD, that's how you know that they aren't serious and this is all one big scam
Ann: Up to A$20 Million Equity Raising, page-133
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