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clock Created with Sketch. 16/08/23
23:47
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Originally posted by paulgf:
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I think stage 1 is in the bag for funding it will be a matter of just how much dilution occurs to get there . But yes I agree later stages are an issue funding wise unless we bring a decent offtake to the table for both stages 1and 2 at least . Again with stage 2, I would argue no point pushing out a dfs 2 without any offtakes . The same credibility issue will then arise with that dfs . It needs to go hand in hand with an offtake and probably as RE alluded to a strategic investor hopefully as part of that process . You wouldn’t need to do this if we were selling spod as the market knows spod, chloride but is different.
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If Galan cannot find a JV partner for stage 2,it is a wise or only option to finish stage one only and wait for next heating lithium market sentiment timing to go ahead with stage 2.
(20min delay)