No reason to consider it, POSCO wants to enter the Lithium space and needs Spodemene , but it needs to be realised that this deal is unlikely to have any direct cash component to it, more a means to help us pay for our share and will be more than 18-24 months away producing any income, so of no lasting short term impact for PLS.
IMO what is much more important for PLS in the near term is the Partnership deal , that has the potential to have a near term impact on our cash and debt position , which is important at this stage as if it goes ahead our income will be reduced initially. It also has the potential to have any cost associated with developing stage 2 and 3 eliminated ..
Cheers Whisky
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