Ann: Pilbara Minerals Equity Capital Raising, page-121

It seems very likely CATL were part of the Partnering process and have come on board as an equity partner instead leaving PLS with 100% of Pilgangora...given the shambles in the Lithium sector in general this is a very good outcome for PLS IMO, we now have connections with converters and battery manufactures of considerable standing..when times are tough you knuckle down and deal with it and it's tough on existing shareholders in the short term , and hindsight will eventually tell us how they fare in the long term but should be a good entry point for those just entering the Lithium space and those who take their chances on averaging down...as is often the case with startups the second mouse gets the cheese...
POCO probably thought they were near a bottom when they bought in at 97c , they were wrong bu.t they think in decades not years and it will likely prove a very good investment over time.

I'll take this over insolvency any day, it is very early days in an emerging sector and its proving to be tough , such is life, but as long as Spod is required PLS has what's needed in large amounts if required and is in the early stages of entering the conversion space.

Cheers Whisky