Dirty Deeds Done Dirt Cheap

once again a surprise CR at christmas, the christmas grinch is here yet again to stuff up our christmas cheer
just like 2020 all over again
this time its the management again with a cheap CR but not AFAF with more lowball selloffs like in 2020.

Dirty deeds done dirt cheap.
3.5c at 280M shares for $10M cash
how long will $10M cash last at the current burn rate? another year till next christmas?

why couldnt they approve any of the indicative term sheets from these offtakers including Trafigura they received and how much funds are they asking for there?
$45M cash/credit like PAN got with Trafigura?
Why get $10M from equity when you can get $50M from an offtaker in weeks, why cant they have waited a few weeks? Why couldnt that data room be opened before the BFS was issued and why is the BFS only 4 years at 7500Tpa instead of 8ktpa at 25 years as MST Access called it last year?

Still the POS BFS is way better than the PAN BFS in terms of -
- production (7500 v 5000)
- triple the mill capacity (3.7mtpa v 1.5mtpa)
- higher margins (56% v 50%)
- lower AISC (4.90 v 8.00)
- lower capex ($50M v $120M)
- at a mere 20% of mill capacity (not 70% like PAN).

So why a CR now, why cant they wait, why do they have to get this guy in cheap here?