would be interesting to know where you heard this, coz there is...

would be interesting to know where you heard this, coz there is news out there that suggests you could be right (maybe).

Looks like CXO’s good friends Lithium Royalty Corp raised AUD$90mil overnight for the purposes of investing in lithium projects.

As we know, LRC invested $8.1mil in Cxo in 2019 for a production royalty.

$90mil is pretty much what Cxo needs to finance the project.

So if we assume that this money is for Cxo, then in what form might it be? Equity placement? Loan facility? Increased investment for more royalty? A combination of all 3?

I believe Cxo’s placement capacity is around 250mil shares. If LRC were to get the full 250mil they would become a 20% share holder in Cxo.

Anyway, obviously all conjecture at this stage. But it could end up that LRC plays a major part in financing the project, which could also mean that achieving finance might not be too far away

https://www.google.com.au/amp/s/finance.yahoo.com/amphtml/news/lithium-royalty-corp-announces-additional-140000358.html

IMO

GLTAH