Agreed....2025 looks like a breakout year.

I also get the impression that we are on the cusp of the beginning of that news flow.

A cap raise at a discount is the predominant norm on the ASX. It's relatively rare to see a raise at a premium, even when a company is delivering results, especially in tough economic times.

As per my take on this previously. The cap raise was an obvious need to further progress material development.

My focus and the main show is............the material development.

If you believe in the MEM narrative, the value of the Felix System, the proposed plan/path to commercialisation, and in the management team's ability to execute that plan.......then we are good to go.

I am of the opinion that 2025 will shape up to be a breakout years.......and time will tell.