Running discussion on SP, page-42464

Construction to commence in August, 16 weeks away. Finance will be required for that to start.

A Condition of the % ownership agreement is they need to complete the transaction on finance minimum US$50m

$8m in the bank is not going to go far when need to find $26m AUD all up to go to 75%

The market is aware of the schedule. SP should be high 20’s but it’s not. The SP is struggling for a reason, look at its performance against the sector the last week. Today will be another tough day with a poor US lead for Li stocks.