Imo, The current li investment climate is diff now from when AJM...

Imo,

The current li investment climate is diff now from when AJM first went into an extended suspension to get a better refi.

• The green shoots are bigger,
• the current end users of the spod (eg car makers) have made more commitments with the infrastructure,
• they have also expressed concern at the stability of supply
• the offtake partners have also shown more signs of success and evidence of intent
• AJM has demonstrated the high quality of the product through stable demand.

Just because AJM did not get the terms last time, does not mean that it was not available then.
I can understand how, at that time, the finance people at the other end of the table would not be entirely confident to commit to those terms.

If a poorly selling company can get the 5%... well, you know...