I recognize that the 30% dilution was a surprise.....I had expected the additional funding in the next 2 years, so when closing to the construction end......
But it seems they need to show that with the DOE-Loan and the GM seconnd tranche they are 100% funded, so that's why they needed to expand equity now.
What's next? I expect after this capital expansion, the GM second tranche and DOE-Loan will be completed and given to LAC, so it will be 100% funded.....and sp price should reflect a material jump......I hope.....
Just my two cents.....