I note from the TON webcast that it took about 4 weeks from...

I note from the TON webcast that it took about 4 weeks from meeting Xi cheng to signing the off take. TON spruiking that it indicates the quality of their product and desperation of Xicheng to commit. It just seems such a short period to firstly do DD, establish bona fides and go through process of drafting and agreeing on a $2bn agreement. That and also the TWO trips to China to see the factory. It's all good to sign up $2bn of business but does the buyer have the financial capability to back it up? I've done buyouts and
trade sales for less amounts before and establishing bona fides took longer for even those smaller deals. It just smells a bit off.


In any case hope it works out for them. The graphite sector as a whole needs credible deals to gain investor confidence.