Ann: AVZ introduces Yibin Tianyi Lithium as a Strategic Investor, page-108

This announcement raise more questions in my mind than it answers

• Requires majority of shares to be voted in favour of share placement to Yibin Tianyi , the potential share placement to Yibin Tianyi will require an extraordinary general meeting in the next 84 days. I look forward to getting more details from Nigel at the AGM later this month.
• The Offtake agreement seems to me to be a little light on details, such as quantity taken, price paid etc. In my opinion this seems to be more a Memorandum of Understanding than a OT. I'm reluctant to place much consideration on wording around good faith.
• I'm not too concerned with the tin/tantalum rights as they are only of use to whomever, ultimately has the lithium rights. Realistically the tin credits only come into play in a post DMS(dense media separation) processing plant scenario, one that features secondary benefaction, as indicated by the metallurgical test work. (btw thanks Scarpa for your posts re. processing plant scenarios, very informative)
• The funds might be used for early development works, from last 4c Quarterly at 30/09/19 AVZ had $5,643,000 in the bank, if shareholders vote in favour of resolution 8, which gives the company the right to 10% placement facility, we may not need further short term funding.
  
  GLTA
  Do not rely on my opinions/thoughts figures as set out above, do your own research.