Ann: New short-term Offtake Agreement for initial ramp-up volumes, page-112

We run a business. We have no ideological causes in our business. All of the major western companies do business with China.

We have no problem selling to Chinese buyers unless it's not convenient and not inline with our strategic company policies. We didn't get a dollar from any western government including our own government. So we have no ideological or strategic commitment to any western country IMO.

Also, Tony O just said a month ago LTR was finding it hard to ignore buyer interest from China. He said “We can’t ignore it completely. The direction we want to take is to be an ex-China supplier of lithium, but we won’t ignore the biggest market in the world,” etc.

Chinese is not confortable in Africa.
It's not easy to make business in an African country
It's high cost to produce lithium in an African country.

China can't relay on African resources for its very strong and strategic battery and EV ambitions.

When it comes to Sinomine's Bikita mine in Zimbabwe;

As @Lurra gave the link of Sinomine's Bikita Mine MD Chinese "Gong's news link" see what he was saying AND confessing on May 30 2024;





That is what is happening and will happen to all other African projects. We knew that well and never touched to any Africa based ASX lithium projects.

When it comes to produce lithium chemicals from petalite and Zinnwaldite in Zimbabwe (lithium mica), these are low quality and low lithium content ores. Producing lithium chemical from those are even costly than producing lithium from lepidolite (lithium mica again).

Petalite was used in ceramics and glass manufacturing because of their low iron content. However we can apparently see that very low iron content of KV spod attracted Sinomine despite it has its own African resource.

Again,..
NOT ALL LITHIUM IS EQUAL,
LTR'S IS THE BEST.

IS HANCOCK STILL THINKING TO MAKE A MOVE ON LTR?

Yes it looks like to me that it's quite probable. It's obvious to me. I can definitely see that from the trading style in LTR.

That's fine. Any bid is welcome IMO, as long as it offers the fair value for LTR. I will not accept anything less than a handsome premium to the recent bid of $3 in last year.

I'm happy to see the production starts (actually already started) and we get handsome dividends in 2-3 years time. I can't see any better opportunity for myself other than holding LTR shares.

LAST WORD;

AGAIN;

THE OVERSUPPLY IN LITHIUM MARKET IS FAKE.
NOT ALL LITHIUM AND LITHIUM PROJECT IS EQUAL.
LTR'S IS THE BEST.

Tesla, Ford and LG have seen that.
Now the Chinese giant state owned Sinomine agreed about that.