Ann: Talga and ACC graphite anode offtake update, page-183

The one governing factor on the pace at which this project proceeds is the permitting, as everyone knows, and the timeline of that is completely out of the company's control as everyone knows as well. The company has done a fantastic job of bringing the EVA plant online, getting samples out to OEM's for qualification ( some have been testing for years now ) and continuing to expand the known size of the resource through the drilling program ( more to come on this ). Talga have all but secured massive funding from the EIB, Nordic investment bank and Swedish export credit agency. They also have a non-binding MOU with ACC ( that in itself through the association to a premium car brand like Mercedes gives us huge validation of our talnode c product ) and are likely negotiating hard with them to get the best outcomes for shareholders. They missed the 30th Nov date they aspirationally had set to make that MOU binding, so what?? They never said, this will definitely be done by the 30th Nov. It doesn't mean diddly squat in the scheme of things, the project has to be approved and built out yet. What exactly are the crucial things the company should have done by now in your opinion? Should they have all of their capacity to the end of the decade accounted for in offtake agreements already should they?? I think you and your mates above you are carrying on like pork chops.

Anyway

Merry Xmas