Leo has executed a binding Sale & purchase agreement with...

Leo has executed a binding Sale & purchase agreement with Ganfeng.
Ganfeng has many International investments including here in Aust, they will not tarnish their reputation.

LTR has limited cash with capex still to expend such as the paste plant.
The US$250m will last no time at all, you burnt $230m last Q, this Q will be similar.
That is not going to get you through commissioning.
At current prices LTR will be losing significant money for each tonne it produces.
Even PLS is only just cashflow positive and they are much lower cost than LTR.
By the time you need to do a CR, your SP will be under 50c
LTR being high cost needs prices above $2000/t to be profitable.

ps Remember all those posts you made about LTR having no Chinese involvement and a minimum 6% spod grade.

Looks like you're now selling to the Chinese & Tony has recently said you'll be producing product less than 6%
Wish I had a dollar for every time someone posted how superior LTR's spod will be because its a very minimum of 6%.