Ann: Li-S Energy Completes A$20 Million Pre-IPO Capital Raise, page-7

Li-ion is old tech compared to what PPK own imo. The numbers speak for themselves. I can imagine a new company wanting to jump the fence and go with the next generation of tech.
The actual inventor of the Li-ion battery (On the board of MNS) said that he thought the next disruptor tech or break through would likely come from Lith-S batteries and guess who has one!
This battery float might be a real head turner at a global level with any luck. It might also be the spark that ignites PPK.


According to Roskill’s June 2020 forecast, Li-ion battery demand will increase more than ten-fold by 2029, reaching in excess of 1,800GWh capacity. The pipeline capacity of battery "gigafactories" is reported by Roskill to exceed 2,000GWh in 2029, at more than 145 facilities globally.

Today, it is reported 180 gigafactories either exist or are under construction, and a calculation of demand planned by major battery and automotive entities suggests a capacity of 3000GWh by 2030.

These estimates compare to the 455GWh of Li-ion battery production capacity in 2020 as reported by S&P Global Market Intelligence.

Current estimates, therefore, are for a nearly seven-fold increase in the next nine-and-a-half years.