Ann: 2021 AGM Presentation, page-101

https//hotcopper.com.au/threads/joint-venture-expectations

If you missed it have a look at the historic deals done by Mitsui above. These guys don't mess around when they provide capital for startup. They want a nice piece of the pie. If a deal is still done with them.

My guess if we do deal with them, they will give $170 million for capital raise price of $1.7. That's 100Million shares. Currently Talga has 300 Million shares. We need 480 Million, but 170 Million should be enough to get us going. But the 480 Million was based on Talnode C, excluding extra cost for dirty synthetic graphite material.

Mitsui is just like Pallinghurst.
Pallinghurst eventually took 21% of Nouveau Monde graphite in Canada. NOU valued at 670 Million today after there JV and shares dilution.
They also developing graphite battery Anode.
There capital raise price was $8.60. a 20% discount to there current share price of $10.50. There share price will eventually go to capital raise price. Already fallen from $11.25.

Don't believe Sweden will have to give cash, they already giving the resource permits. They have the keys to the kingdom.
Not sure how many shares will have to be issued for them. But they gonna get bang for there resource.

Its funny this new development that we suddenly need synthetic. After 2 years of customer testing and we always been told there is a lot of interest for Talnode C and Talnode Si. Reality we not there yet. If we still doing major composition changes now. Like Mark said in interview its very ambitious and can take years. Listen to this interview a few times.