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8.2¢ alliance mineral assets limited

Key Questions to Address - Jan 2019, page-40

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oxxa23

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23/01/19

19:22

Post #: 37203839
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Originally posted by Wilma85 ↑

Luanboo, thank you for reporting back on your meeting.

It seems that offtake terms are much more 'standard' than they were previously, particularly given the market-based pricing structure that the industry has adopted. Perhaps product testing/qualification and pre-payment terms, if the offtake partner agrees to pre-payments, may need to be hashed out but I don't think that should take too long, although probably more than the 2-3 weeks that some had hoped.

Did you happen to ask why drilling/exploration was the immediate focus? I would've thought we would at least wait until we were cashflow positive before we started spending millions of dollars on drilling and exploration. Now, if we announce a behemoth offtake that immediately requires DMS2 then I am all for it, but if we're just doing it to increase our LOM so we can have a pissing contest with the other lithium plays then I don't support that expenditure until we are cashflow positive.

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and that's where we love having calderwood with such a big personal holding.... he's not blowing cash and dilution for a pissing contest... well you certainly wouldn't think so

A40 Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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