AJM Chart, page-4608

You're not understanding how Chinese businesses work. Basically a lot of big fish swallowing smaller fish. JRO will be swallowed up by the likes of a Gangfeng, they are just waiting for the right timing.

For now JRO will buy high grade Lithium and on-sell it. The only issue will be if they cant get credit notes prior to shipping. In which case we get a better offtake agreement.

The AJM TO wont come from JRO but from which ever bigger fish buys them out. I'd love to see PLS get it, but I dont think that will happen. (Although it's at bargain price at moment)

IMHO.