PPAny thought that the (lower) funds being sought in this latest PP is more to 'keep the lights on' as they iron out a partnership deal, rather than to fund further drilling? Maybe they just needed more money to pay for reanalysis of old cores, looking for germanium?
I noticed that in the past, the company hasn't identified the intended usage of the raised funds upon announcing a PP. Rather, the closure of the PP is when they specify the intended use of the funds.
I guess we'll know more once this closes and will see if they intend to pursue more drilling?