Read my posts carefully.Its a matter of timing. In my opinion...

Read my posts carefully.

Its a matter of timing. In my opinion Takeoff Agreements will be signed only after RLL has capital to fund the $100m plant. Why would companies want to advance so much cash years before production is underway? The credit crunch is now restricting Phil's ability to bring in the cash. That's why he has no signed contracts to date.

Institutions ( who invest for the long term) should be in agreement to capital raising if terms are to their advantage. At one stage Phil indicated that Institutions would hold 90% of RLL I recall.

The product ( lithium) will be in demand. No question about it.

My concern is that too much time has lapsed between tenders going out ( months ago) and the new global situation. There may be a need to reissue tenders and renegotiate new deals.