Yes @RTFQ, most likely. Managing the US situation may have thrown a spanner in the works for management's intended timeline this quarter for signing agreements and delivering announcements. What a predicament- balancing the importance of project schedules at KIZAD (simultaneously with and importantly, keeping shareholders, financiers and offtakers unruffled) with our directors contributing almost $1M to our coffer, with Gary and Joe also growing their holdings. This goes a fair way in providing a plausible reason for why the delivery of up to 8 offtake agreements will seemingly come in a clump. I've puzzled over why we haven't had one here, one there across this quarter, leading into year end, but with the hindsight of 3Ys, fitting everything into a 12 week span was always going to be tricky.
Am just remembering that Joe's sale of shares to fund his option conversion preceded Gary's 3Y announcement by a fortnight. Does the 2 week window for company news only apply following director transactions, not precede? I tried to find guidelines on the ASX website, but ended up scrolling through pages of abstractions, not locating a clear definition of a 2 or 4 week window. Others here may know more?
One thing to add to our comments about Gary's sale: hopefully he does use some of the proceeds for a well-earnt break these hols- in between the commissioning of our pilot plant's leach circuit presently and lithium hydroxide production in January. After this gang-buster year of fine-tuning our processes to produce the ternary compounds and multiple valuable by-products specific to customers' needs, as well as sequestering CO2 and producing lithium carbonate from LOH-Max®'s intermediate LiOH, he's had a big year. That goes for Joe too and all our management. Much gratitude to them and hoping they get to enjoy some down time before we gallop into 2022.
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