JRV Cobalt, page-16

An equity raise will happen in the future but I'm confident it won't take place until share price is at much higher levels. A debt solution for ICO will happen with or without USG support.

Bryce on the first Crux interview this month (around 14.50 min mark).

“We are very sensitive to dilution, we (management) own 10% of the company alongside Australian Super as a group that we identified as very key strategic shareholder when I returned to Australia……..We’re not just trying to create an empire. If I’m sitting here in three years’ time and I’ve built a $3b business and we’re trading at 45 cents, my wife will happily remind me that I’ve just worked three years for free. So we’re all highly incentivised to share price”.