Running discussion on SP, page-54077

'dont let anyone think this “prospective” Chinese partner is CATL. It’s a private equity entity of a wealthy individual with connections to Catl,

So why partner up this way and not with ganfeng other Catl or Bhp or … directly ??? Does anyone have any ideas ? ??? And why does board think this is a solid enough proposal ? How much money have they left as we await the ever extending timelines .'

@ericson

You are jumping at shadows IMO.

True, CATH is a private investment entity. However, it is jointly owned by CATL and Mr. Pei Zhenhua. Mr. Pei Zhenhua also holds significant interests in Suzhhou TA&A ULtra Clean Technology Co., the holding company for Yibin Tianyi, one of China's largest converters with expansion plans to grow to 150,000-200,000tpa.

Now Yibin Tianyi (YT) itself is a JV between Canmax, CATL and Tianyuan Group. You may recall YT signed an OTA with AVZ earlier in the year. However, part of AVZ's landmark cornerstone agreement with CATH stipulates 'entry into a variation deed in respect of the existing offtake with YT'.

So hopefully now you can see CATH, CATL, Mr.Pei, Suzhou/Yibin are all interconnected. There is no reason for a conspiracy theory to be thought up with respect to the above, the proposal is rock solid IMHO. AVZ will be working with one of the best (if not the best) technical partners on the planet to bring Manono into production.

GLTA

Cheers
Elpha