Ann: Initial Funds Received From Sale of Goulamina to Ganfeng, page-51

I'm sure the ipo holders who bought in at 70c will be thrilled to get around 50% back by next year (post tax) after 3 years of investing in one of the best lithium projects in the world.

Ganfeng is really only paying about 75% of the total sale price as production that we should've been part of will pay the rest back to us, plus we miss out on the stage 2&3 cream in future for a pissy royalty.

And Simon says we've done well, it's a fair deal and investing in Africa is fine. Easy to say when drawing a nice risk free salary and not part of the ipo I guess.