Just a silly question.
what's the real point on spinning off Axion. LEL will only have 25%.
now that Solaroz is (?) cashed up. Why don't run Axion Limted owned 50% by LEL and NVX. As LEL will now have cash, NVX put 1/3 of cost, LEL 1/3, 1/3 from government funding and this project kicks off quick.
PFS has been purposely retained by LEL, this was ready for Q4 2023.
I do get we achieve economy of scale by JV with NVX.
both companies can CR if needed but reality cash is there to keep under LEL with 50% ownership.onstead of 25%.....
they are going to slaughter LEL otherwise...
Ann: Merger & IPO Spin-Out of LEL and NVX Natural Graphite Assets, page-132
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