Ann: Binding AAM Offtake Agreement with Tesla, page-41

Half of me was wishing it wasn't Tesla. Musk is very fixated on keeping costs down and I'm worried we might get screwed on the price. Fixed for 4 years in a market where the price is rocketing up concerns me. I don't like the bulk discounts we're offering from Balama for a scarce commodity.

The other half knows if you want to grab the markets attention and well and truly put yourself on the map, signing an offtake with Tesla is the best way to do it.

Funding won't be a problem. Walk into a bank managers office with an offtake agreement from Tesla and they'll be asking how much? The FID being put back to January has me thinking some of the funding might be tied to the BBB. The delay could be about going back to the bank manager to borrow more to cover the BBB we might be missing out on. If so it is great the US Govt wants to help us out.

The plant will be 10k and most battery manufacturers have been testing our product for 2 years. They'll need to quickly test the first production of the commercial plant to make sure it is the same as the pilot plant.

Merry xmas to all holders