Well, of course it's all speculation. I thought that would have been obvious to anyone even remotely interested in using HC.
As to SYA/AJM tie up - and my comments - surely you didn't expect SYA to be successful in a $400m bid for NAL all on their own? Well, not with $400k in the bank.
So you might like to ask who will they partner up with in order to secure those kinds of funds. IMO - there is really only one way to do it. A combo of offtake (pre- payment), gov subsidies and a sister company wading in with their stated BALANCE SHEET STRENGTH - to help secure the rest of the funds required for a successful bid. It's really the only viable option and seeing as all directors have been buying openly on the market (or as part of a CR) this is the most likely outcome. Our success is tied to their success.
as to the delay (or stay of administration timeline) and potential auction for NAL. I would simply ask - auction with whom? There are no other bidders. Zero. Zip. Nadda. So it's can't be the Quebec Government budding against themselves. It is also not likely that the Chinese will bid. They are already over exposed here.
I think a 3-4 way tie up here between SYA/AJM/Offtaker/Financiers is the most likely outcome. The time extension is simply a reflection of a complex process where the entire Canadian lithium industry will be made or broken.
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