Hi ttroy,
Probably referring to April 2020 when an earlier A$20m placement to Baogang was prohibited by the then Treasurer. That, along with the issues with R&D rebate claims led to a funding crunch at NTU that necessitated an rushed A$22m placement and SPP at 2cps. Fortunately those who supported NTU at that time have done O.K. since.
News: NTU COLUMN-Canada slams the door on China in critical minerals race: Andy Home, page-3
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