Lithium market peer analysis - SP Outlook Analysis (Short/Med term), page-7

What is your take on potential for funding support (if needed) to arrive via the tier one offtake partners providing pre-payment for deliveries? History would likely show similar things occurred for some of the other big existing players in this space during their ramp up phases.

Here - what’s the chance of say Tesla or Ford or LG being happy to see funding support issues cause negative impacts to LTR and thus non-delivery of product they want? Of course extend that scenario to then consider what if such led to cancellation of offtakes and maybe new offtakes being offered for that same material away from Tesla, Ford or LG (maybe to umm say someone in India)?

I present the above as something that maybe could cause economic imperative for those LTR tier one offtake partners to be less inclined to allow a funding issue (which is your thesis, not mine I might add) causing interruptions for LTR supply to them…

What do you think … would Tesla, Ford and/or LG just stand by and watch that happen? Did other offtake partners in the past with other new producers do similar?

I doubt it.