Ann: Trading Halt, page-307

Depends what you want from your investment. If its a company with long term future to make a lot of cash selling a critical element into a potentially huge market for EV batteries, then this is a good long term deal. If you just want the company sold off now to the highest bidder then no.

Lets see if someone else with a suitable bank balance (Albemarle or Tianqi type company) agrees this is cheap and if the company want to sell themselves.

On funding, to build the mine and both plants to convert spodumene into carbonate is going to require funding, very much doubt any offtake agreement for 20ktpa Li2CO3 will provide enough. Big CR and debt is just a matter of time.