AJM Chart, page-1662

I don't understand why people continue to expect new offtakes? I know some are new here but a bit of research would tell you that the main reason we have considered a doubling of capacity is because our existing offtake partners requested it. i.e JR and Lionergy need the feedstock to fuel their own expansion plans. Why would we (or them) go elsewhere if a good relationship is set up here. Expect confirmation of this in binding terms down the track and further news on conversion capacity but I wouldn't be expecting new partners.

In saying that we are not in any binding contracts for expanded supply and we are locked and funded for stage 1, so now we have the power. If JR and Lionergy don't come to the party to help with debt funding or pre-payments for stage 2 give it to someone else. JB is a smart guy and with DG around to bounce ideas off I expect this will all play out favourably.