Ann: Dylan Roberts appointed Company Secretary & General Counsel, page-50

I am sure if LD was to present a case to PLL where they would be better off under a revised plan, they would take it.

Of course and a merger is one potential path. It's hard to imagine many other arrangements but that doesn't mean there couldn't be and I can think of one.

Because of the cost and risk involved I doubt either party will go down the refinery route, leave it to others and become a spod supplier only, expanding output instead, that could offer scope for a potential revision of the agreement in fact it would require it.

NAL's resources are getting bigger and better so expanding production there is a logical next step for the JV IMO , less capital required and considerably lower risk as thats the business they understand. Expansion has already been hinted at, Idealy with the refinery being built around the existing infrastructure by whoever gets involved.

Mining, concentrating and refining on the same site is the holy grail but we don't have to do it all ourselves.

cheers Whisky