Ann: Live investor briefing, page-21

@Empty Nose ... I tend to agree that it seems a poor deal. At the same time however it is the best deal that was on the table, which says a lot about companies wanting to deal with African lithium deposits.

No-one else stood up to offer any better and I take it that Ganfeng didn't know if any other offers were on the table or not, but assumed correctly they could offer a lowball price.

IMHO it means other companies with African lithium deposits not funded are going to have great troubles getting funding for equity.(or little funding for lots of equity!!)

At least we still own 50% of Goulamina that is now substantially funded to build the mine. I considered that the market had zero value on Goulamina, based on the total Mcap and the value of Morila assets.

In a couple of years Goulamina will be churning out cashflow, which will have a lot more value than at present, so we wait.