EV/Lithium, page-721

...if POSCO is going to finance LTR with an offtake agreement, how is LTR going to be able to supply them when they are already in contract to supply Tesla/Ford/LG under agreements?

...UNLESS those supply agreements signed with the Americans are just as flimsy and flexible as their funding 'agreement' with the bankers, i.e not binding or binding with escape clauses. Shareholders do not have full transparency and never questioned, including the $300m Ford facility that suddenly had to be re-finance.

....so perhaps Ford is the one that will not proceed with the offtake agreement as they are also redeeming their $300mil facility. The structure of the POSCO deal is similar to that with Ford, so possibly POSCO is replacing Ford.

...well, so much for LT holders of Ford cherishing the prospect of LTR supplying to the West rather than the East.

...I'd say LTR management has woken up that their future is hinged closer to the East than the West. Because the West may want to buy from LTR in the early years but once they have their own, it does not make sense to pay for the shipping costs and to import. Not in Trump's America First.

...as LTR now is completely beholden to POSCO to avoid a larger damage from a full discounted CR, POSCO would hold the advantage of having commercial terms in its favour. If POSCO takes equity stake, then commercial terms would be more favourable.

...this news could be longer term positive for the stock but does not change near term outlook IMO. I would imagine that a smaller discounted CR offering cannot be discounted because management would be wise to build a cash buffer to tie through the winter hibernation. If it does not raise enough cash in this outing, the next one could be even more painful and negative for investor sentiment. Management concern should be with ensuring going concern rather than the share price.