Ann: Binding Offtake Signed with Traxys, page-285

It seems that many here have missed the complexity of robust (and therefore binding) OT agreements @EDTD.

1. The Ann makes it clear that LPD can negotiate with end-users, using Traxys to provide administrative services. This provides critical confidentiality to the parties, especially for Cs products, but also for LiOH (which because of it's impurities is a "specialist chemical", not a commodity. LiOH is not fungable).

2. Implementable OT Agreements are never executed in isolation. Debt funders especially (but also cornerstone investors) will have been part of the negotiations and will know (and approve) the content of the OT Agreement.

It is implausible to sign a binding OT Agreement, print out a copy, and then rush into a bank, waving it and shouting "Hey. Look what I've got! Give me some money."