Ann: Transaction Booklet Lodged with ASIC, page-7

$19 million to pull out of the agreement, nobody wants to pay it so this farce is continuing until a key element fails.
Then nobody has to pay the break fee.

The FIRB has new concerns since the critical metals and defence deals have been made via AUKUS and other agreements.
Clearly the Chinese via Tianqi have only 17% of SQM but that's not the point.
The point is who gets the Li off take, I thought I made this clear.

FIRB conditions could obviously be put on any future deal (possibly involving big players) and this is what I was pointing to not this farce which cannot and will not get off the ground.

How would a consortium result in any majority change of ownership of AZS given the blocking stakes of Gina and Ellison?

It's not so much ownerships to be nutted out (and Creasy is key here along with the Germans as has been stated over an over) it's also where the off take goes, and the Australian government can exert a number of ways of controlling the ultimate destination of exports, not just through the FIRB.

It can just apply an outright ban on sales. The issue is how to control sales after they leave Australian shores. It's a very complex situation and nobody is talking about it openly because so sensitive politically as well as commercial in confidence elements.

JIMO