Welcome Gangfeng Lithium.., page-16

I am always amused by what the wannabe lawyers and Managing Directors say. "Deal should have been done 6 months ago"
I can only imagine the difficult negotiations that have been going on behind the scenes for the last 6 to 9 months and give full credit to the BOD for negotiating their way out of the JRO deal.
First they would have had to get JRO to agree to change the contracts which in itself would have been a very difficult process. Especially after their embarrassing TO attempt. JRO would have wanted to hang onto that contract for dear life especially early on in their restructuring. And I believe they are holding on tight to their 16% of AJM also.
Once they negotiated their way through that mine field they could then enter into negotiations with unknown potential off take partners. This again does happen over night.
I get the feeling that this is why they may have retained the services of Citi Group after the TO bid by JRO.
So over all I feel they have been very busy acting in the best interests of the company.
And now that it is all locked away I am sure they are now concentrating on getting the plant up to name plate, delivering the spod to our customers and a refinancing deal.
Time will reveal all.