I guess you want to buy into COB quickthinker but to try to get holders to sell so you can pick them up cheaper is not going to work.
Management has been saying all along that they believe that they can get equity from offtakers to finance this project.
Remember this is Cobalt what we are talking about which is very hard to get and especially from a trusted source and from a jurisdiction like Australia.
And 32 companies is a lot of slices and there is just not enough for everyone to go around.
Simple as that.
Need for a battery gold rush in US., page-53
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