ASX: TAW 2018 Lithium Pricing - US $1,000/T, page-10

I've already mentioned that there's nothing wrong with CR numerous times, it just depends on how it is conducted.

I've even participated in a few CR myself, but obviously dumped it first chance I got because of the discounts received.
My latest CR involvement will return me 100% because I will be dumping it at IPO price (assuming I can dump it quick)

CR has two sides
1. CR is very good for companies because it transfers risks to shareholders. This way, it doesn't take on debt and companies aren't beholden banks, and ongoing monthly cash outgoings.
2. Bad side about CR is the massive dilution to existing shareholders.

So it depends on which side you are on. A CR can immediately raise Market cap of company (eg: GXY could immediately be $2B market cap if it can raise $1.5B in cash via CR)... but think about existing shareholders... ouch - ultra massive dilution with SP down the toilet.

Like I said, I have no issues with CR. Depends on whether you are on the winning side or not.