Just watched the latest interview with JZ again.QUOTE:" We...

Just watched the latest interview with JZ again.


QUOTE:

" We expect to be producing good quality battery product, and that puts us in good stead then to start building that next stage expansion off the back of probably what will be a strategic investment into the company to help with the capex requirements for that - off the back of offtake arrangements"


Sounds like the funding solution is leaning towards an equity stake (i.e. without prepayment..?)
AFAIK there is a limit of 15% on placements of equity securities without security holder approval, so this would cap the issue to around 200M shares.
That won't be enough $$ to build the expansion, so it looks like there may be a vote coming our way, unless there is some relevant exemption ..?
...or perhaps we raise say $100M via an equity stake, and the rest comes from 2ktpa cashflow i.e. $100M raised funds for the 2023 build activities, and 2023/4 profits to fund the remainder of the build...?

May be hard to get a FID from the BOD with this approach, although an offtake for years 1-2 might "lubricate" this option?
Thoughts?