Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-29

The quarterly underscored the significance of the LGES relationship for me. Re-reading the original announcement, including how the convertible notes are unsecured, and are converted (once a PO is issued) for $1.6 shows that LG think they've done well at $1.6 per share. I agree.

That said, this phrase under the NAM update still has me scratching my head to understand and forecast what to expect - "...and plans to add anincremental 30,000 tpa production capacity by 2025..." Previously they have said they will reach 30ktpa production capacity by 2025, and now they've seemingly added the word 'incremental'. Does that mean that they expect to finish the year with 30ktpa capacity which has been gradually built or, as i suspect, sign deals totally 30ktpa+ but the offtakers my only want 7ktpa in 2025 ramping to 30ktpa over a couple of years. Anybody with some insights there?