If only i had more money!!, page-9

Now that makes perfect sense for a way forward. I think they might prefer to hold off on a CR until they know what's needed for stage 2 - this could be a big raising and/or may also include further debt funding. On the other hand I also agree with HH's comment that ~$13m may be a bit skinny as a cash buffer in the short term so a smaller raising in the next 2-6 months might also be on the cards depending on production costs and POG.

In my opinion this is all fairly normal for this kind of situation. Yes there will be a CR, yes they wish to grow production, yes this is risky. However, there is plenty of positivity if it all falls into place.