General Discussion Topics, page-179

I wondered the same about what are the monitors options. It seems as though CATL would rather have this go to the final stage of SSIP. I think in the below statement it could come to CATL holding out and forcing this option. This would be more of the nuclear option that would probably cause a lot of changes that would adversely effect CATL. And even if this were to occur I think IQ would have to agree ... it would be a big risk to let it go to this for CATL imo.


Perhaps there is another bidder who has been silent and will surprise us all, but I don't think any of the lithium players that we know are involved because it would have surely been mentioned in some fashion or form with all of the reporting these companies are required to do.

It seems to me that IQ will drive this and CATL will try to milk as many sweeteners for their other interests as they can, in the end I still believe that the ace card is held by Sayona with their ability to blend ore bodies and no matter how this eventuates itself that will come into play.