Not sure what happened to the market sentiment. What I...

Not sure what happened to the market sentiment.

What I understand is that Tianqi is still trying to sort out funding source of the C806m and time is running against them.

Tianqi's current total asset (not cash) is less than AUD300m and they are planning to raise share capital of around AUD650m from the Chinese Share market. However there is general concern on the Chinese market on whether such a big amount can ever be achieved. Even if it were successful, the share issue can not be finalised until September. So basically for the Talison deal to be successful, Tianqi has to convince someone within the next month to lend them 800m, with a high potential that the planned share issue may fail.

At least I would not call the Talison share price zero risk.