Ivanhoe DD period & 30 day VWAP, page-59

"they will be allowed to get a few more extra shares"

There is a chance I think Ivanhoe will do the second subscription by giving Renergen some Ivanhoe shares instead of cash. Meaning given Ivanhoe was 10.35 CAD on March 15 at the start of the due diligence period and now 6.57 CAD today that means potentially Renergen could get significantly more Ivanhoe shares for the second subscription for the same amount of money. The drop in Ivanhoe's share price is linked to the recent drop in copper price. Long-term copper prices could potentially do well as per this article due to EV demand.

https://www.google.com/amp/s/www.news.com.au/finance/business/mining/copper-prices-tipped-to-go-ballistic-as-ev-revolution-causes-supplies-to-run-out/news-story/a96b3f0f2f55453cab9f03dcf286af4c%3famp









Then "following" the second subscription and "thereafter" hopefully there is ideally another 30-day VWAP period and the Renergen share price increases for less dilution from Ivanhoe's option to provide upto US$250m.