Hi
@MJNASTI I've highlighted the more pertinent sates for those wishing to participate.
Proposed Timetable for the OffersEvent DateLodgement of Appendix 3B with ASX for Entitlement Offer 4 July 2024
Lodgement of Prospectus with the ASIC and ASX 10 July 2024
Issue of Placement Shares 10 July 2024
Ex-date for Entitlement Offer 12 July 2024Record Date for determining Entitlements 15 July 2024
Prospectus and Application Form made available to EligibleShareholders18 July 2024Opening date for the Offers 18 July 2024
Last day to extend the Closing Date of the Entitlement Offer 24 July 2024Closing Date of the Entitlement Offer and Top-Up Offer (at 5.00pm(AWST))29 July 2024Securities under the Entitlement Offer and Top-Up Offer quoted ona deferred settlement basis30 July 2024
Announcement of results of Entitlement Offer and Top-Up Offer 5 August 2024
Issue date and lodgement of Appendix 2A with ASX applying forquotation of Securities issued under the Entitlement Offer and Top-Up Offer5 August 2024
Quotation of Securities issued under the Entitlement Offer and Top-Up Offer6 August 2024
General Meeting 16 August 2024
Issue date and lodgement of Appendix 2A with ASX applying forquotation of Placement Options and Director Placement Shares19 August 2024
Latest date for issue of Shortfall Securities under Shortfall Offer (ifany)27 October 2024
I probably will take up the offer given the events that are due this year. I am well under water like many here I suspect and averaging down is often the wrong move, but I still think I trust them to get this done.
The one thing I am genuinely concerned about is the lithium market. Lowest price now in several years. Are the market observers correct in saying things will improve in the next few years as uneconomical mines close down? Likely, but China has a big role in this and can play games given their market share and lepidolite mines there. Production there rose >60% in the last year and they are moving more to spodumene.
https://news.metal.com/newscontent/102842143/SMM-analysis-on-China-June-lithium-carbonate-output-and-July-forecast/The sourcing struggle between current Chinese dominance and the US desire to move away from that is very important and we need the US to remain on that path.
I would urge investors to watch and listen closely to the recent video presentations by Ian and LD along with a close read of the prospectus.
(20min delay)