Ann: Tripartite LOI Update, page-320

Thanks Stuey. I have many more thoughts than I express on here. Watching the commentary over the last few days has been interesting, my take is very different but instead of engaging in hyperbole, I would prefer to ask genuine questions based on the facts and see what others think.

If you look at my posting over the last 6 months you will see I believe VW/Northvolt will be investors in Talga, for at least Stage 1. I just put myself in VW/Northvolt shoes and who has the most/least to gain.

I also think that you couldn't have anyone better in your corner than Morgan Stanley or Macquarie Capital.

The LOI update stated:
Following advanced and productive discussions towards Vittangi project level funding, the parties at this stage were not able to complete a satisfactory transaction and the formal LOI has now lapsed.

It doesn't mean Talga don't have a better deal and weren't willing to accept the deal on the table.