1. smile back on SW's face 2. follow up meetings with South Koreans in Canada after meetings in January 3. talking about partner not plural as per recent slide pack inferring one player is well down the negotiation track 4. seems inevitable now we are going to self fund our share of cap ex required to build refinery....given 50% of funding will be debt then dilution issues are subsiding 5. we have to assume Vinfast MOU is dead and buried and given we are going to slide Ni sulphate and Co sulphate into the strong supply chain demand from the cathode producers could Ecopro be back on the table as an offtake partner at least?? 6. complexity around sale of sulphates with respect to tariffs needs to be outlined ie maybe only concentrate attracts the tariff?? Possible short term exemption from govt if necessary?? 7. Given existing concentrator is already functioning we could see first cash flow earlier than expected. 8. as usual more questions than answers but it feels like the tide is potentially turning as the market can now see early cash flow and substantially less dilution. Confirmation of this strategy plus partner Ann plus a clear path to cap ex funding will result in the rerate. Might be a couple of months away yet but the SP will tell us if things are going well. 9. Nice tick up in volume from the buy side today could be the start.
GLTAH DYOR
BSX Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
