He is talking to his own shareholders who see things from a different perspective so no real supprise Rylean IMO, he has been doing it for a long time now..its their only revenue and have serious commitments coming up so will be in no hurry to see that revenue reduced if they can delay it, we would do exactly the same if we were in the same situation..
However as a JV they have to make a decision at some point, as operator and largest partner we are not totally powerless and if push comes to a shove there will almost certainly be some provision for arbitration if it ever got to that point.
First step is deciding if it's Carbonate or hydroxide, then its financing and that will likely take some time in this environment. We will have to find somewhere in the region of $A500m and quite possibly more for our share of a Carbonate plant and still have to maintain a strong cash position.
Cheers Whisky
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