Ann: Globe enters At-the-Market equity facility, page-25

Equity-Clip from Webinar

https://youtube.com/clip/Ugkx9u_xZMo92Lq6di-WtoDLiO7JOlaRc54b?si=SR4m-onAaKwsYKd2


With the USD 20m, GBE is keeping all options open, including short-term bridging until more significant decisions and new key stakeholder(s) are coming in a few weeks.

Paul leaves it open how the 3 major stakeholders will behave. It also remains unclear whether, when, to what extent and under what conditions a possible takeover could take place.

According to Paul's statements about customers and key stakeholders, in the future these will only be western customers/companies/investors, it seems IMO at least unlikely that the current constellation and composition will remain and continue to exist.

If GBE had the money, Paul said very clearly, GBE would be able to start immediately.

IMO he only means phase 1, because he explains twice that it is not the size and possible production quantity that matters, but rather the quantity that is demanded by the market and that is needed.

Since, as is well known, this demand is only beginning to increase and develop, it is IMO more likely that new key stakeholders will also participate in 2 phases, but there will most likely be corresponding concrete agreements/commitments/guarantees.

Since Paul at the same time makes it clear that the aim here is to get the most out of it for everyone, it can be concluded that a bargain price cannot be meant.

It is therefore conceivable that, like SVM with RIO Tinto, it could also work with GBE. A ramp up of the new key stakeholder(s).

Why else would all the information have been given in the webinar with the following ann?