Ann: BAML Battery & Storage Forum Presentation, page-6

Great presentation and good to note the carry losses at  £115m, should be no tax payable on the $104m payment for our share in MM after which NMT should have over $130m in bank, strong chance of a 1 or 2ct divi being affordable and still be cashed up to fund and partner selection for Lioh plant. Roll on the DSO partner selection which could give early income steam whilst we wait on the listed projects come to fruition. One thing I did find odd was the timeline chart suggesting Lioh plant online before battery recycling plant, and yet further into presentation it appears battery plant could be starting construction end 2019 with 9 months build which puts it ahead of the Lioh plant completion in 2023, strong buy IMO, Loop.