IMO upon reflection and this is speculation on my part,the...

IMO upon reflection and this is speculation on my part,the timming of this placement is very puzzling and it leads me to what i think could be a reason for it...

IMO a offtake and or finance agreement was on the cards and loosely in place until the DFS was produced hence the first placement to keep "the good ship THR afloat" until the DFS was produced .
I feel that maybe due to the current situation in the EU (thinking that the agreement was made with an overseas entity that was sourced due to the AIM listing) the potential partner has pulled the pin and will wait for now on the sidelines hence the need in such a short time for the second placement...

just my thoughts as a reason why to the second placement.