what is going on, page-7

Todays retreat reflecting todays SLR share price and delay in sorting out how to get out of the LN Offtake agreement.

Can anyone explain how a binding Offtake agreement was made without any certainty that funding for the project had been secured or at least make it conditional.

At the very least LN should have been required to provide some guarantees on the funding front by taking up a placement and even then only given first rights to lead and zinc concentrates.

I don't know exactly how these agreements work but it seems to me that LN have conned PRH management into signing this deal without legal advice on get out clauses.

Surely there must be a remedy in law that because it seems that LN must have known that PRH had little chance of delivering based on the fact that they were not prepared to support any funding options that must have come into the discussions during negotiations.

Either we have been jilted or the current management incompetent????

About time this mystery was disclosed in full by way of full disclosure in an announcement so investors know exactly where we stand. It is way past "commercial inconfidence" and extremely relevant to the share price.

ASX here we come!