Without fundamental news (financing), the deal put an effective cap on how high this share price can go. The warrants are also going to be an issue as long as they're outstanding. My nightmare scenario here is that the warrants and PP price are an effective cap on the share price until production.

I don't think that's the likely outcome here, but it's possible - I've seen it time and again in other stocks, especially juniors.

It may have been a product of the market conditions, but I will never, ever, call the ICL arrangement a "good deal" for shareholders. The best I'm willing to do is consider using the term "necessary deal".