General Discussion Topics, page-127353

Arf, the cash from the shipments is locked into SYQ and will be paying towards its sustainability. The $200m is used to pay 75% of the interest or "injections" into SYQ to pay for its ramp up, and other CAPEX at NAL while it isnt yet cresting margins to pay for them itself. It will be the reason that NAL gets through this period without debt.
Its also being used for the 60,000m drilling program at NAL to ultimately improve ROM and output efficiency.
That debt facility should be an absolute last resort. You know? For something that we CANT see coming.
At the end of the day if we dont use the cash and it remains in the bank then that value would be ascribed to the share price. If you look at PLS this is why they are able to maintain such a high valuation despite a putz-load of shorts and poor prices and demand - because they hold a large amount of cash in the bank. Enough to fund their operation beyond when the market sees this pivot in Lithium demand. SYQ's adjusted 2024 guidance can be beaten, leaving the door open for more potential re-rates next year
Im glad the raise happened. And its not like we havent been afforded opportunity to aquire plenty more shares at a discounted rate - so long as you believe we can reach our potential when price and demand returns.

My Whisky post for the day Cheers