Ann: AVZ to raise $15 million to fund Manono Project, page-192

Why is my opinion on lithium more BS than anyone elses? I've pointed to an undeniable and obvious fact. If Li was in extremely short supply the prices of the lithium developers and producers on ASX and other stock exchanges would be rising and rising. This is not happening. It is simple market logic which some people can't or don't want to see. The devolpers have been locked into complex off take agrements linked to ownership and future prices in an already opaque market.

If Li was was such a good long term deal we wouldn't be going to the Li customers for the capital, we would be putting it up ourselves through raising equity and debt, keeping 100% ownership and holding back some of the annual production to sell into rising demand, ie unhedged production. That's what happens in the gold industry, anyone is free to own shares in the production of gold from the ore that is dug, to the gold bar that comes out of the mine. Here the downstream guys are jumping on sources of raw supply to defend their patches, regular equity level shareholders won't end up doing very well under these circumstances in my opinion. Esh