Ann: Black Swan Restart & Company Update, page-17

Good to see POS has finalised two group for Off Take and Financing. Moving closer to FID.
..
Either in June or July, does not matter. Those who finance large projects, takes time to make final decision as financing request goes through various board meetings and banks, all takes time.
..
That is understandable. We (at HC) make massive noise for our investment, how can any one expect some one who will be throwing $50 million plus will sign a deal over night.
..
As far as PBT is concerned, Govt grants are always conditional. PBT knew from start without POS support, PBT deal is dead and hence PBT lost $120 million dollars. From my understanding PBT team focus at UQ is setting CRC for Battery Research. Zero chance PBT will ever produce even a kg of Nickel.
..
Any how, good to see PBT saga is almost over.
..