Just some observations of how professional and focused the Yahua Group were in there dealings with CXO and how they shaped that Companies future from a small cap Lithium explorer in 2017, to becoming a producer of lithium with their Finniss Lithium Project in the NT next year.
When Yahua Group first approached CXO in August 2017 they invested $2 Million up front in the Company at a big premium to their share price. Thats the confidence this Chinese Company has in its dealing with Australian based Lithium explorers. The company was trading at 3.4c at that time, now trading at 42.5c.
That first agreement to invest $2 Million was signed on the 29th of Aug 2017.
Just over 3 months lated they then followed up with a binding $20 Million off-take agreement with CXO on the 1/12/17. That was well before the Company had completed a DFS for the project etc. How's that for investment confidence.
Yahua Group are supplying Lithium to Telsa in China amongst other leading EV manufactures so have rock solid supply agreements they need to constantly fill.
Happy days ahead for EFE with Yahua Group on board at such an easy stage and looking to expand in coming months.....
EFE 2021 General Discussion, page-124
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