European Battery Innovation, page-30

a bit of frustration around at the moment and not surprising under the circumstances. The reality is that we know nothing for certain, but as a pi it might be worth assessing your risk on the percentage weighting you attach to each of the following.

1) the report on the first six holes promised before Christmas has been held back because it is bad news, and they are working on a mitigation plan, or some other black swan event.
2) The report is as expected, but they are in a closed period because of contract and off take negotiations, and we will get a reassuring ‘progressing according to plan, can’t say any more for the moment’ quarterly report, which will provide reassurance.
3) the current work being carried out by our consultants is showing higher than expected competitive offtake interest and/or the company is modelling higher volume production scenarios. Or (unlikely imho) a takeover approach. Radio silence a legal necessity.

Clearly we are all hoping that the radio silence is commercially driven, although there is always the possibility of more mundane explanations or even a black swan event. Other than the lack of news we have no new knowledge until the quarterly report which either comes on Monday or surely an explanation as to why not. Not long to wait.