Ann: Sale of Solaroz Lithium Project for A$97 Million, page-179

the market has spoken.

what about the shareholders that got in at later CRs.... presume they are not having 4-5 fold gains like William talks about.... are they not shareholders...??? Only the ones from IPO counts...?

if you heard William and read every Announcement, and read all the broker reports in their website, they all say it is a NPV $2B, great economics, great resource, etc etc. Williams rolls the eyes and swivels the chair mumbling about how many annual millions in FCF.

And now he sounds pessimistic and down, trying to water down the project due to a temporary drop in carbonate price (will recover as usual) and that it is hard to finance..... Hello. They have (had?) a free plant from Lanshen to play with and make cash flow as you negotiate offtakes like everyone else. What's the hurry ?

with that attitude, which project next he isbl going to embark on, if the markets are all depressed and the finance is hard anyway..... they have an amazing promising project in hand... is it too big, well, start with the 3ktpa free plant, or the Lithium Chloride strategy like Galan, or wait, or put a proper bidding process for the sale with a US$100M reserve price.


US$60M is not a fair value offer. It is not an offer that we can't refuse.

William asked for "an offer we can't refuse" like selling a kids bicycle in a garage sale.

He should have asked " Alpha Lithium sold yesterday for US$180M, plus/minus 20% and we talk".

absolutely worst case scenario, he should have done what our commercial manager does" let's put the number by taking turns. I start..." he puts a 1, the buyer obviously puts a 0, and the he completes with a 9. US$109M absolutely bare minimum, bargain of the year. $60M is an insult.