A lot to absorb.A claimed large resource vs a small actual...

A lot to absorb.
A claimed large resource vs a small actual Reserve. What will it take to convert the resource to reserve.
Putting a large raise out on a pathetic share price. Wabowden Option Fee and Studies 2.5mil but asking for 10.2Mil.
More money allocated to Ta Khoa Studies, Business Development whatever that means.

Looks like a defensive move for a tough 2024 enviroment else why dilute to such an extent.
If it was such a good deal why would the Directors not take up their full entitlement, maybe Scott is tightening his belt as it looks like he got a pay cut. (page 46 Prospectus)
Does not bode well for a partner in the short term IMO.
Probably delay the DFS because they want to model the concentrate that might happen 3 years from now, or maybe i'm getting very cynical.

Don't take up the offer and your diluted by 24.53% pretty poor offer for short term retail, maybe good for long term with the usual risks of a explorer.
Announce a partner next week happy days but if that was a possibility then Directors would be in boots and all.

Anyone wonder why page 8 has "Rail network provides a direct, low -cost supply route into the US' gigafactory and vehicle manufacturing hubs"
When the plan is to send concentrate to the Ta Khoa Refinery? Copy and paste from somewhere not realising it is irrelevant? Or is it?

Prediction open at 7.1