Need to dig deeper into the detail however first glance.
Great to see management delivering on what they have been talking about - DSO as a simple profitable operation.
Interesting they are only using it as a short term mechanism to fund LFP. I thought they'd do a longer DSO for cashflow.
Management have previously said offtakers for DSO will be very easy so I'm not worried about that.
For me the question is the probability of LFP. I respect management going after a more profitable downstream venture than wasting it's phosphate on DSO.
But will it eventuate. Interesting times.
All in all, great news. Another box ticked.
I expect offtakers to be announced by December.
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