I am not defending the latest CR. I was as blindsided as you were, and initially very unhappy.
But now that I have had time to consider, I am not opposed to it in view of the grand strategy that Loui, Split, and SB all have alluded to, that, if pulled off successfully, will push us north of being a $10b company. For it to be successful, we have to have a considerable amount of cash independent of whatever we get from the sale of our spod, ready at a moment's notice.
I was also upset at the CR being set for 18c, but my guess is that it was the penalty for being able to raise at a moment's notice, at a time when interest rates are sky high and the big banks are still refusing to fund lithium projects.
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