Ann: MOU for Development of Lithium Hydroxide Plant, page-20

You should take heed of the market response. The market is saying on this great news released today, the company is worth 5.35% less than it was yesterday. The market is clearly factoring in the possibility of a new normal, that is a new steady state production figure well short of the DFS and nameplate output.

I have a few genuine concerns:

Is TTC paying a decent price for the LiCO3 production?

Are debt covenants being breached? Because, if global markets get nervous (if GFC2), lenders will pull the plug on this operation in 15 minutes, company defaults, equity holders are left holding the bag.

It is disturbing how slowly they are ramping up.