Okay great, a rational discussion. Again this is just my point of view.
On your first point MT only knows what he wants. But it's my view there is no shortage of money ag all. Also after 100ktpa TLG will be self financing, possibly even at lower volumes. Remember 80% margins means massive cashflow. Also offtakes from major companies can be securitised, meaning banks will lend against these future revenues. MT said offtakes are for between 8 and 15 years. So that is a lot of lending capacity. TLG has 50m in cash and a very strong top 10/20. I really do not think funding and financing is the issue at all.
Regarding the size of resources, in CSIRO MT states its hundreds of millions. Of course that's not drilled and measured. But they have enough done to support the DFS and Niska. That's enough to be self financing.
I heard different on Rockyarns. He said Auto OEM are used to getting fixed cost deals and that's not how OUR business works. We may have to take a short term hit to get the project off the ground (fixed cost) but let the rest float because we AND others expect higher prices in 2025. I think OEM are putting pressure on Mark to go fixed costs and he is saying no. This is consistent with his comments in TLF interview where he says "your friends at Tesla are... tough negotiators".
You say the annual report suggests they want to complete qualification and offtakes this year. I AGREE.
Listen to Rockyarns again when he talks about the 5k anode " including exploring early commercial supply of anodes"
Again, I'm an LTH, imo this business cannot fail in the fulness of time. I am neither selling or buying. I'm holding as long as I can.
DYOR
TLG Price at posting:
$1.58 Sentiment: Hold Disclosure: Held
(20min delay)