I would not be surprised if a large customer offers us a significant prepayment to assist with construction costs in exchange for an offtake and the sale to them of a stake in TLG, say 5 or 10%.
I think MT will look for something along those lines. You can bet some of the EU auto suppliers/makers will want to stitch long term local supply.
This sort of thing happens in Lithium stocks - or used to. Minimises dilution.
Notes from 2023 AGM, page-44
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Last
59.0¢ |
Change
-0.030(4.84%) |
Mkt cap ! $224.0M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 63.0¢ | 58.0¢ | $807.3K | 1.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 11139 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 12250 | 2 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| TLG (ASX) Chart |