RRR is getting closer & closer31 Aug 2023 14:24
People with access to money believe AB/RRR are getting closer to success. This is evident by providing cash to RRR in exchange for warrants at .2 which is a 30% premium to the market. This is a great result for company which needs cash (and will continue to need cash) until a liquidity even occurs (Congo, ELEP, Chinese lithium sales or JV mining partner).
RRR, like any other public company, could have always issued more shares even if it had to call a AGM to authorize. That would have been a slam dunk and a process which AB had done many time before