Ann: Strategic Cooperation Agreement with Mitsubishi Chemical, page-44

So you're happy that after the last year of doing little but flying around the world shaking hands at events, the MD comes up with not a binding offtake for half the product, but just another MOU of undetermined size and scope? Also happy he hasn't broken ground on the project, starting off at a smaller scale to get in cashflow to avoid dilution, and now signals that they are preparing the way to give away half of any BAM upside in a JV?

This MD is going to turn this into a multi-billion dollar project eventually, one in which none of the LT shareholders get any richer. (slow hand-clap).