The means by which the copper project shall be funded is the core reason for current trading status imo.
What percentage of the total project costs will be required by the lender as deposit?
Say 5-20% was required of $340 mil this could easily equate to some serious dilution for holders.
In the event of a raising, beneficiaries of a low market cap would be the purchaser who receives double the shares for their dollar than if we were currently trading at 30 cents.
Completion of funding negotiations was expected to be in March(?) from memory.
Purely speculation on my behalf.
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