@J L - Dude, just read Appendix 5B for the Qtr ending in September. In Section 8 they declare their outgoings for the Qtr, along with their cash and finance available.
LCK had $17.71M at 30th September, and had spent just over $5M that Qtr, giving them an estimated 3.49 additional quarters.
So without the SPP they have enough funding to go until just after 30th June 2022, and with the $5M SPP they’ll have enough to go to the end of 30th September 2022.
Those operating estimates don’t take into account their new expenses relating to the Mulpun acquisition in Chile, so as stated, IMO a cap raise in highly likely in Q2.
These numbers are pretty clear - I don’t see how you can otherwise interpret them.
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