At the AGM today, after the preliminary motions were passed, two questions were addressed to the CEO. They were basically ... is POSCO fair dinkum ... and are they on the money with their PosLX tech?
Firstly, here is the news article from the previous weekend:
http://www.thelec.net/news/articleView.html?idxno=1836
POSCO's Stage 3 Cathode plant has kept expanding. From their initial plans, they expanded to 70ktpa and now, to 100ktpa.
Our JV planned Stage 2 LiOH Chemical conversion plant, from 30ktpa to the now expected 40ktpa JV.
I just noticed Ken's response was straight up, on the nod. Also, on two occasions he mentioned POSCO expanding on their previous plans.
I expect the JV to go ahead, the question is, how can we finance the expanded plans for the LiOH Chemical Conversion Plant? Will it be 60ktpa now?
Ken's demeanour suggested ... no worries.
Ann: Annual General Meeting Chairman's Address, page-4
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