Ann: Sconi Project Offtake Agreement with SK Innovation, page-121

Fredabull.....I recollect your previous posts that called for SKI’s up front financial commitment to the project. Well done! This will likely materialise given pure demand/supply factors.

Todays announcement in my humble opinion is Good News. Financing for a project of this scale is complex and inter-reliant. Chicken and Egg syndrome with NAIF, SKI and Financial Institutions.

My take is that Fin Institutions and NAIF both called for Pre commitment from SKI causing deferment of deadlines. The recent visit by Birmingham and Canavan to SKI perhaps pushed this angle as foreign investment in Australia is a political win.

We will all have to be patient to reap the rewards. The larger the project the longer it takes to come to fruition. All fundamentals are falling in place.

GLTAH