shares / options / performance rights, page-36

CATL are not miners .
Still need Huayou Cobalt and mining experience.
They could well indeed buy 10 years of production in an off take agreement and capital funding of plant.
Was very surprised in a graph posted today on the battery cell producers how much of the market LG Chem has contracts with.
CATL with Huayou Cobalt will have a competitive pricing advantage if they control Manono.
Time ticking on the 6 billion in VW contracts, and IPO listing.
Easter about the right timing .
All Imo.