E25 10.0% 44.0¢ element 25 limited

The development timeline shows production early next year, which...

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    The development timeline shows production early next year, which considering the process and location is quite achievable.

    The top 20 hold 65% and the next 20 would hold a significant portion of the remaining shares - these will not be coming onto the market anytime soon. Considering the timeline the news flow is going to be regular which will support the SP going forward, sitting on the sidelines or selling and hoping to buy in lower will be a risky option.

    I doubt we will see a cap raising too early as there will be plenty of SP appreciation before additional dollars are required. I would expect a raising with the MCap around $80m strongly supported and raising $12m.
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