Hey wenty,
Remeber this little gem you found a while ago?
Sichuan Yahua Industrial Group Co Ltd :Says it plans to kick off lithium production line project with investment at 500-600 million yuan ($75.44-90.53 million).Says it plans to boost unit's registered capital to 200 million yuan form 9.0 million yuan previously.
If they are talking about cxo the 9 million yuan is equivalent to $1.8 million aud which is 200k off the amount of the Yahua placement.
So if they are boosting our registered capital for 200 million yuan which is equivalent to $39 million.
This could possibly be in the form of a prepayment to help fund start up operations cost?
As they have mentioned they may assist in funding the project aswell.
All should be clear shortly we've all been waiting a long time for these offtake details lets see what they've done!
Gltah cheers
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