Yes I don't think it would be too much of a surprise to see the timelines extended. We want a decent price for this asset and we're not going to get that in this market when all the major indexes are approaching a bear market. No chance of IPO until next year at the very earliest.
I doubt private equity would be interested so its got to be an industry player - either automotive or mining. Of the mining companies, only Rio has gone big on Lithium so could expect the others to follow.
Having said that, the US has limited Lithium production so Phoenix remains an attractive asset.
I just hope shareholders get regular updates so we know where we're at.
Will be interesting if existing shareholders would participate in another small raise. Last time, they announced delays shortly after the raise which I think would have been known at the time of the raise. May have impacted shareholder trust in the company.
