Well this is interesting.Ok, so they've sold another 5% at the...

Well this is interesting.

Ok, so they've sold another 5% at the same valuation as before.

Why?

We are responsible for 45% of costs. How much over budget are we all of a sudden?

We were "fully funded" to production back in September after the US$137mil injection..

Ganfeng had only ponied up US$12 mil out of the US$137 mill as at the end of last quarter - The rest should be coming through this quarter from what I can tell (as LLL are suppose to be reimbursed AU$30 mill this quarter but there's only US$9 mill in the JV accounts).


So if that reimbursement occurs and the 5% sale goes through, we'll have ~AU$150 million in our bank account...

Why? What do we need AU$150 million for?

Really keen to hear the reasons for this transaction.