Ann: First Lithium Shipment Boosts NAL Revenues, page-38

Yeah but we're spending anywhere from $75 to $100 million per quarter ( Gross without offsets from Piedmont ) . So if we're barely covering costs on the amounts to Piedmont , and their 2 shipments take priority to ours and ours isn't leaving again until October , we won't have much additional cash coming in until Christmas ....or even the New Year. So effectively just using the $200 million raise to bankroll HALF of the entire needs of the operations ( less any capital planned ) .

So I have to say its NOT great news . And if you remember , most were expecting close to $90 million coming from this shipment and NOT half of it being squandered on Shipping and Broking costs.

We need to get refining here quickly people . Or at least have a refiner in North America somewhere who will take our spod under an agreement with Quebec - ie Nemaska or Livent etc.... Because this is NOT a tenable arrangement to keep going like this.