”Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?”
Answer: As previously announced on ASX the Company remains involved in discussions with potential offtakers for its Faraday Lithium deposit which may provide funding including potential equity participation by these parties. In addition, the company has options to pursue a conventional equity placement if required.
— With one quarter of funding left in Cash ($6m) there is almost certainly a dilutive equity raise coming. I called a 16c raise months ago and was berated by a certain ramper. Im as confident as ever of an insto raising below 16c now and rights issue in the next 4-6 weeks. We’ll see.
WIN Price at posting:
18.0¢ Sentiment: None Disclosure: Held
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