"material term of the Equity Commitment": The number of shares...

"material term of the Equity Commitment":
The number of shares which FYI may draw down under a notice is capped at 1,000% of the average daily number of FYI shares traded on ASX during the 15 trading days prior to that draw down notice, subject to adjustments.

that means: FYI need to sell shares for the money, limited with 10 times of the average volume from the last 15 trading days,--
additional they give 10% discount or the company can nominated a fix floor price (cheaper?)

looks not like a good deal, how many "draw down" would it take to get 80 mill ? by 4 cent/5cent/ ??? how many shares will be there at the end for maybe 40?% or less of the project

btw: if anyone dream from $40/kg HPA, FYI plant is not designed at the moment to deliver a powder end product, so the $ 24-27/kg is more realistic