Don't they have 20M already wrapped up, witb ghe ability to draw as and when required converting on the 5 day vwrap of their choosing?
As such they can effectively run cash right down until the optimal time, ie after the Nicanda resource update and/or after they sign another offtake or two over the next few weeks. Imagine what the SP will be when they get a long term offtake for some of their medium and fines too.
Capital raising to come?, page-3
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