I think the drive is to make money. Exchange certainly have forked out cash so far and at 4.5cents. I suggest they have been a bit burned so far. Unlike other commodities, industrial minerals are a bit more of a complex beast. I talked to the company in the past and the focus is to get the lithium project up and running as a stand alone business. If someone wants to buy the business then all good. Otherwise they have a profitable business to run. Shareholders win either way. Off takes are an important part to the business and I hope that we hear about these sooner than later after news of what the cap raise does to existing holders. I was reading Talison comments and they reckon offtakes are the entry hurdle to all the budding Lithium plays. You answer this and a major milestone is achieved. It will set East Coast apart from all the others.
ECM Price at posting:
19.5¢ Sentiment: None Disclosure: Held
