General Discussions, page-27669

I think this is a good thing. DC raised twice, once in Apr 22, again in Dec22. Both times at the market peak. We are sitting on 130 mil cash. Interest is literally paying operating costs.

We are sitting on debt funding from aus gov. All that awaits is an offtake and equity stake from customer, perhaps another raise for further working capital.

We saw multiple lithium companies go too early and go under in 2018-2019.

Synthetic graphite also makes the market harder to time, however the market will turn, we need to secure offtakes and further funding when the price is right.

This is a multi decade investment, EV uptake is still in its infancy.