Ann: Tripartite LOI Update, page-246

Nobody knows when the permits are coming, don't think even MT knows. And when he says "On-Track" does not mean much at all.

Everyone just speculating on here creating false hope. Sweden can hold off for some time yet. Graphite demand only really supposed to pick up in 2025. So heaps of time left. Realistically late 2024 is when Talga wanting to start production so maybe we should get a year before then. But who knows for sure.

If permits where coming early next year. We would have seen more capital spend this year. Only spend 7 Million on operations, but spend 9 Million of performance bonuses. That in itself paints the true picture. If it was almost there we would be ramping up in preparation.

Also that's why there is no urgency on the JV. If we need cash today, we would have signed something this year. Obviously we know we can wait longer.