I think the original priority was raising working capital, the...

I think the original priority was raising working capital, the options are a reward tool and many times companies at this end of the market are forced to issue more than they really want to to secure the upfront short term working capital.

They potentially would have been a nice boost to the balance sheet but if you do the maths Jinan would be hit with a severe bill if they were to maintain their 34% holding which is their legal right under the terms of their participation in Triton.

On the other side of the coin, debt is very cheap and if a business has a good model that generates revenue debt can act as a very effective way of allowing a business to flourish and keep the shares on issue tight.

Tighter the shares on issue the higher the sp will be generally, no investor wants to see billions of shares on issue. Some stocks liking mining, finance and pharma have the earning capacity to support larger share registers but the less the better.

I've no idea when financing will drop, could be tomorrow and TONOD has nothing to do with it but either way I'm pretty confident of a merry Christmas to all.

Been a few article floating around about the importance of our assets and don't forget Xingchen Graphite are heavily involved in 3 way discussions between Triton and Jinan. Highly likely we will see a large offtake and possibly a processing plant in Mozambique? Been listening online about how China is keen to move some of these processing steps offshore, many involve harsh chemicals and China's emerging economy is actually starting to look at environmental and health impacts of projects on their home soil.

Cheers.