Let’s cut through the noise a 2c raise isn’t even possible under...

Let’s cut through the noise a 2c raise isn’t even possible under ASX rules given the current share price. Placements must be done at or near set VWAP discounts to protect existing shareholders, so the idea isn’t just unrealistic, it’s not permitted.

The bigger point is this: raising capital isn’t optional, it’s essential. PUR isn’t generating revenue or making profit, so when the cash runs out, the company will have to raise, there’s no way around it. The only thing that will set PUR apart is having a quality value proposition on the table, a serious gold asset or growth story that gives investors a clear reason to support the next raise.

Sitting on cash does nothing for shareholders; deploying capital into high value opportunities is how you drive real growth and re-rate the company.Some investors seem obsessed with dilution, but that mindset holds companies back. Unless you’re trying to block a takeover or you’re a top-5 holder, worrying about dilution at this stage is just self defeating. Capital raises are how projects get built and value is created, especially in the resource game. If management can bring in quality assets and execute, just as they’ve already demonstrated with lithium by delivering a 1 million tonne resource, advancing to pilot plant production, and consistently ticking off milestones, then raising capital becomes a clear catalyst for value creation and is exactly what shareholders should want to see. It’s about growing the pie, not slicing it thinner.