Ann: Binding offtake agreement signed with LG Energy Solution, page-288

You got it. After originally figuring out a sulfate product- we can all remember the Board acting like shipping some sulfate samples a few years ago was like landing on the moon- then spending on PCAM they will now have to go back to the drawing board to some degree to produce a hydroxide.

Yeah- buying higher cost Aussie products and then adding the cost of shipping them to Indonesia makes perfect sense- if we throw logic out the door- when there’s cheaper products available in that country which require negligible transport costs...

It appears LG learnt one thing from SK. How to lock up an Aussie asset for a year or two at zero cost to themselves.
They have a battery unit spin off on the way. Of course they want it to appear they have secured supply for that to help sell the idea to their own shareholders and the market.

No pricey pcam. No $2 sulfate premium. No loss if auz doesn’t find finance as they ( LG ), can just buy on market...

It’s a quote so you mean that auz is being misleading?

Paragraph 5 of the announcement this thread is about:

It’s on the first page... sheesh.

Or are we so used to BB saying things that don’t come true that even the announcements are seen as misleading? This is the latest example as what happened to ‘any offtake will have funding attached’?

Positive poster deflectors- this ‘awesome’ deal hasn’t even brought the SP to 75% of the 12 mth high while others have long ago set a floor closer to their high even without this kind of thing.

It’s almost like this is just a punt for those caught up in the excitement or punting such small amounts they’re not too worried if they lose.

Oh well! Back to wasting our time reading personal attacks?