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CatDog & Humble,

All we are doing is speculating, nothing more and nothing less. For, only Tony will know what he is working at and what he intends to achieve.

My comment was based on past experience having been investing for many many years. And I can assure you that in the companies that I am, and was, invested with, I witnessed that in most cases any JV partner always put money in a company while gaining a percentage holding of the same. Usually, that percentage holding is equivalent to a blocking stake.
The latest example was, what has just been applied with CDU. Whereby the investor got into the company by gaining a large percentage of CDU at a premium of the sp at the time, while at the same time, getting an agreement in place for an offtake that they would be guaranteed around 70% of the total CDU output and, at the discretion of CDU, having access to the remaining 30% of the production.

I hope that Tony will do as you wrote humble, but somehow I find it very hard to believe. I am expecting an issue of shares to the JV partner together with an offtake agreement in place, in order that they will come up with the money.

Finally, I am also speculating the same as anyone else.