A BILLION DOLLARS, just wanted to make that clear. Plus no help with financing through the offtaker this time (which was a lie last time) SKI will fund the plant FYI).
After losing a bunch of money on this stock (glad that it might have some life in it BTW and glth) I have found a bunch of stocks with a fraction of the capex, offtakes already sorted or close, so many less shares on market, proven management and CASH. AUZ have just allowed another year of promises to break while LG have ZERO to lose and are not committing any support on the most difficult part. FINDING ONE BILLION DOLLARS FUNDING.
Just a word of warning on this stock, this management have struggled to convert any financing to be in benefit of shareholders AND continually dilute shareholders while funding themselves with very generous pay packages and a large board of which seem to do nothing.
DYOR
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- Ann: Binding offtake agreement signed with LG Energy Solution
Ann: Binding offtake agreement signed with LG Energy Solution, page-68
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