Today's announcement looks like a pathetic little pump from JP before he exercises the ATM. So sad to see it get to this stage.
Maybe selling 'the other type of white powder from South America' depicted in your photo is our best hope of revenue at this stage.
My biggest concern with the debt facility is it may contractually preclude JV with any other party, which I think is really still our only sensible development option, particulalrly if we want to go onto Stage 2.
I suspect Glencore have their claws in here and will steal HMW, because JP has contractually bound himself to them. Again he and the board arrogantly assumed they understood project finance, when evidently they have ZERO clue.
Ann: HMW Project Achieves 1,000t LCE Contained Inventory, page-45
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