Unfortunately, what will probably come next will be a share consolidation.
Next capital raise would have to be a large one to fund the BFS for Mt Bevan and get it up and going for Iron Ore or the lithium.
That would mean it would look better with less SOI than what we have and will have after this raise and would make the share price higher as well.
All smoke and mirrors.
News: LCY Legacy Iron Ore Says Renounceable Entitlement Offer To Raise Up To A$21.36 Million, page-5
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