Haha, indeed I did respond to your previous vomment - My apologies!
Here’s the thing:
We knew in November/December Ganfeng were purchasing a 50% equity stake in the mine.
This was no surprise. If anything, it further de-risked the project. You have to remember, the mining area is HUGE. This requires a solid partner to progress, and $420m is no small number!
Nobody likes dilution, but it’s a necessary evil. What a lot of people forget, is junior miners own a lot of great resources, and then go bankrupt trying to produce. That will no longer happen.
We will still see immense gains from this, particularly as the lithium price begin to rise.
Imagine, a few thousand dollars more a tonne, and this Mine will then be worth 3.4 Billion USD a year.
It’s annoying, sure, but the shareholder’s placing got snapped up within a day!