There could be more delays with the Li now, thanks to the...

There could be more delays with the Li now, thanks to the graphite debacle.
CGM have no leverage to push through the LOI IMHO
If I were those 3 guys who have the tenements I would be stalling to get better terms, eg. a consolidation before the share issue, easy way to pick up 20-30% of CGM instead of sub 10%.
Not sure if CGM will need a CR in the short term though. I thought they still had about 800k in the kitty at least due to sale of some rigs and very little projected expenditure - assuming all the tax issues are sorted.
And why are there legal procedings around the sale of the Brazilian tenements? Its a sale!!!
What, did we sign them over and not get paid - or did the other party renig on the terms.

And for the Graphite, Steve Goertz is the guy from Hendry isnt he?