What you've said here, some of us already discussed to an...

What you've said here, some of us already discussed to an extent.

The question is, where are the PIPE and why only the Chinese investing?

We are in need of a billion dollars. Where are the Americans and European capital? Tony had to go with Saudis because European banks would not lend.

Since EUR foregone the interest from Chinese and became a competition to them instead (note the only competition faced by EUR for Ukraine assets were Chinese), post Russia's invasion EUR has been stuck in the dog house, not even a DFS or binding offtake agreement could lift market sentiment and confidence.

The Nasdaq listing was supposed to be it but upon delay after delay, the supposed capital was cut down right to the bone leaving a mere $10M upfront cash (granted there are other capital involved) to lose 20% stake. I do not want to take away the big achievement of listing on Nasdaq, it's a hard task and cost millions of dollars but the sentiment is fair.

It's possible to pick up the phone right now and have Chinese interests line up to pick up the company right through to development... but that's not the angle of the company. We are supposed to be an alternative supply without much to do with Chinese interests. But Western investors are not as forthcoming, and I say this especially to Europeans who complain and complain including Austrians vicious in their criticism (if only you'd hear it for yourself) that Wolfsberg project is in the hands of foreigners (Aussies are foreigners to them too) yet when fronted with the prospect of acquiring shares blames their Govt to front up the cash instead, who are equally not so forthcoming with funding to help for capex.

Just imagine what a couple of million euros would do to sentiment and confidence if there was financial support from even just the Austrian Govt, if not EU as well. Where are they? Money talks.

In any case,CRML cant issue any more shares right now and pretty obvious Tony was caught in a tight deal where decision was down to list or not to list and he chose to list on Nasdaq despite funding is right down to the bone with the knowledge that he'd be able to raise better capital post 60 days grace period. So let's see. All the tough talks from Western interests, ever so big on the bark but never the bite, even if it's their own survival at stake... at least so far in this battery/lithium race... and make no mistake, the Chinese will not so easily let go of their near monopoly without a fight, and not high and mighty for underhanded play.

So as bullish as people may be, some here thinks maybe other lithium companies would be better. Blames the Board, blames even me! The biggest disappointment of all comes from those who acquired EUROA at market because the Nasdaq listing was supposed to allow conversion, instead appears to be a bad bet - there's no more time left to be patient. So it's understandable why some feels angry about it as they literally can't afford to be patient - they are the depressed ones and it's better to sympathise than call unhinge. Those who invest on heads and EUROB are not so worried and remain hopeful.

All that said, I don't disagree with you. Just see why change in macro environment in the Chinese market may mean almost nothing to EUR (especially since offtake has a pricing floor and ceiling) except perhaps an end to the war in Ukraine.