IM happy with the pay packet, there are many small cap stocks out there paying 500k 1 million a year to directors, so good to see management here is not getting greedy and ripping off share holders by expecting 500k million dollar pay packets.
And by the way the price Anson will get for the Lithium is essentially the spot price taken from a certain period average price, like a 7 day one month spot price average, also based on different market pricings, not just China pricing, that is the way I read it, as per from the announcement below, it will be something similar to that.
Better for us share holders as the price is going back up, best to not lock in a low price now when the price is going up.
LG Energy Solution to purchase 4,000 dry metric tonnes per year and specifies the operational and logistical requirements for the delivery of product
Pricing is determined using a formula-based mechanism referencing market prices for batterygrade Lithium Carbonate.
Ann: Appointment of Director, page-14
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