There is no doubt that raising at 85c was not ideal. But it...

There is no doubt that raising at 85c was not ideal. But it could have been worse.

There are a number of other companies that are likely about to raise capital - expect this to occur before the 4cs are due sometime over the next four weeks.

With the pool of capital being particularly finite against the poor lithium sentiment, being first in does appear to see you best dressed.

PMET seems to get the best of it and many participants in that CR will now be smarting. Wr1 then had less capital available but a similar outcome so far (albeit the SP has faired relatively better).

So spare a thought for LRS and SYA would will need to raise imminently, when many CR investors have just been burnt by lithium sentiment.

Curious to see who goes first to try and capture the available capital. Regardless, expect a bloodbath.

A sobering perspective on how things could have been worse for Winsome (even if things could have also been better).