Ann: Australian Government Conditionally Approves A$185m Loan, page-118

So, could this be the start of a chain of cumulative events? Let’s hope so.

As the Morrison Government tries to reframe the debate and grow Australia's critical raw minerals industry by promoting Australia as a trusted supplier to the world, I can’t help think that this is just the tip of what is potentially to come leading up to the Federal Election.

In their efforts to be more proactive and support the paradigm shift towards the 4th industrial revolution (the great energy shift away from the old-tired carbon-economy), the need to secure your votes may be further incentivised with more and more money, matched by both sides of politics in the form of electric vehicle (EV) subsidies, infrastructure, other battery storage, etc.

Clearly, the Feds have read the thematic memo. They are now acting in a proactive way and before the graphite price hike takes hold. This is clever because it sets the stage for our offtake partners who are facing these potential increases over the coming months or so, to make harder and controlling decisions before this gets too far out of hand, i.e., do they bide their time or do they start ‘serious' and constructive negotiations sooner.

Either way, it has turned into a seller’s market and DC knows it. He doesn’t need to do anything unless it’s in the best interests of shareholders. The longer he delays signing any deal the better it could potentially be for us. It will also vindicate the Government's proactive response (surprisingly). Therefore, don’t expect a binding offtake anytime soon. As RNU recently stated in its last Quarterly report, ‘Offtake discussions with other parties have included ‘constructive negotiations’ on commercial terms with Renascor’s other existing offtake partners.’

You want to be holding when the 'Graphite Shortage' becomes a reality over the coming months. Especially, when Lithium and EV investors realise that their value will not be recognised until all parts of a battery are built as a whole!

Meanwhile, so much other news to come. Exciting times!

All IMO, DYOR, GLTAH

PS. Interestly, this loan is through EFA. Therefore, can we also expect the Clean Energy Finance Corporation (CEFC) to make a contribution?