Reality is there is plenty of cash ($5m+) so would not expect a...

Reality is there is plenty of cash ($5m+) so would not expect a capital raise anytime soon, unless it is part of a very positive development. So maybe hold that statement up to the mirror and read it to yourself unless you actually have something real to add?

The main focus at the moment is advancing:

1) the REE/Kaolin prospects which are looking promising - good grade/depth from at/near the surface over significant territory. If the remainder of drill results continue to be positive and met testing shows the resource to be ionic (initial tests positive) then we will have a lot more drilling to do to confirm the resource. Not exactly a bad problem to have and drilling is mainly shallow aircore drilling into clay which is cheap.

2) the graphite projects. At Campoona we already have a defined resource and a mining permit, just waiting on testing from ANZAPLAN on the suitability of graphite for battery anodes (which appears positive) and developing a process to create spherical graphite. ITM has a separate significant tenement just north of RNU, where graphite has been found at multiple locations with limited drilling. The current focus is mainly on the development of the projects already defined and advanced so no major cash drain. If there is a major capital requirement it will be to advance the project, which you would assume would include off take agreements etc. All very positive stuff.

So yeah get the broader market s*cks, but there are plenty of positive developments at ITM, and no need to trash someone who is a valued contributor for no real reason.