How the SP performs upon a funding announcement will depend on two things IMO, timing... less than two weeks being my marker, plus the deal itself.
After all, the devil is in the detail. The SP will react positively depending on details pertaining to Dilution levels and any attached free option levels.
Broadly speaking higher debt and lower equity stake would be more favourable to shareholders than the other way around.
Where will the SP go? My range would be between 40c and 60c. All IMO.
Post funding announcement, I also believe more news on our other projects will keep the price buoyant while we move to production.
I am also mindful that our DFS figures were on conservative graphite prices.
Charting 2.0, page-976
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