in respect to the C&M also note, the potential of Carbon capture...

in respect to the C&M also note, the potential of Carbon capture credits to offset.

Yet, Adina is ours. And otherwise Renard is stranded.
If you look through the lens of guarantee of supply, to a strategic, the pairing of Adina and Renard makes sense.
Whether they want to buy the whole cow, or say half of it is up to them.

Except that crusted on longs would want a higher price point.
It comes down to, if a strategic having seen the prize pairing of a low capex, low approvals risk asset pair, is something they want in their vertical futures.
Then it swings to whether they want the whole cow, or not.

We dont have blood on our streets. Because we have the cash, worst case scenario, to step away from Renard, and wait for lithium 3.0. We could just reduce our cash burn, and wait out the winter. And betting on cycles, then crusted on longs would want more than a winter chill, price pointed determined by the wets. The wets would give theirs away cheaply, but a predator would still need to up the price to complete any takeover.

CE has stated numerous times that strategic deal would not be priced at the prevailing discount of the market, but a higher (industrial) value.

Because we can step away from Renard, and survive the winter out, we are in a better negotiating position.