"All forms of DLE have been reported to use huge amounts of...

"All forms of DLE have been reported to use huge amounts of freshwater. This has been known FOR YEARS and I can’t see how the report presents anything new. It seems to be a storm in a teacup."

That is an out-and-out non sequitur.

How does the fact that it has been widely known for a number of years that a significant flaw with direct lithium extraction processes is that they drain water supplies in the arid areas where salars typically form mean that the consequences of that are "a storm in a teacup"? Going on that broken reasoning Wittenoom should still be reaping the rewards of mining blue asbestos because, hey, everyone knew FOR YEARS that blue asbestos has a habit of killing you.

In fact I clearly recall that the adverse environmental effects of DLE processes was an active consideration for (what was then called) Orocobre in choosing the full evaporation methodology over DLE for stages one and two of Olaroz. They were testing the waters - so to speak - of experimenting with some form of DLE for stage three of that project but my memory is that no decision had been reached.

The pommy ponce at Livent would have known ever since he got into the lithium industry that DLE chews through water but just as he was willing for Livent to use transfer pricing to take tax proceeds away from the locals he was willing to allow DLE processes to take water supplies away from the locals.

As for accounting shenigans ... well, derrr! Even that suck-hole Howard Klein at RK Equity while extolling Pall Graves for being a really nice speaker had to admit that Livent had consistently underperformed in the six years Graves had run the show. Moreover, Livent had been left for dead by its American peers and all the new starters popping up China. Allkem was Graves' get-out-of-jail card. He has set up Arcadium effectively as a tax rort vehicle, with its hq in a tax haven and with business as usual being a series of transfer pricing opportunities. Remember he dissed the arrangement between Olaroz and Naraha because Naraha pays market price for Olaroz product and thus paying Argentine tax on the market price, and he relegated the bigger better Galaxy (aka James Bay) project over the Nemaska project because Nemaska product is contracted to go into the Arcadium's Becancour processing facility, which means he can transfer prices and profits from Nemaska all the way back to that tax haven in Ireland (less easy with Galaxy selling into the open market).

Next week marks the six month anniversary of Allkem shareholders lubing up for Mr Graves at the scheme of arrangement meeting. How's those six months been for you?

Q: How do you invest in a second tier lithium company?

A: Give Pall Graves the reins of a first tier lithium company! (he did it with Livent and now he's doing it with Arcadium).