CATL makes its entry via Lithium Plus Pty Ltd?, page-85

I agree emphatically. China Inc in full force, not a level playing field and Friday Food for Thought below for those interested and worthy:

AVZ ~2,283 fps after all SPP/placement shares issued, 207M (Hauyou 186M) 10c opts exp 15^th Apr.
Hauyou Cobalt ~212M fps or 9.28%
Lithium Plus (Catyl?) ~ 79M fps or 3.46%

If all 10c options (~$20.7M in the kitty) are converted to FPS, total ~2,495 fps on issue. Then
Hauyou Cobalt ~398M fps or 15.95%
Other 10c opts ~ 21M fps or 0.84%
Lithium Plus ~ 79M fps or 3.17%, total pretty much 20% (19.96%) if these three parties alone are affiliated/friendly holders. Most interesting scenario that one …

If not, then Hauyou can buy on the open market ~100M fps to take their holding to 20% after option conversion. Possible, but I like to think that those two/three parties are affiliated/friendly to each other and will hold the 20% non-takeover threshold line after 10c options are converted,

Or, Hauyou could not participate in the placement more than the $1M as then their share holding when combined with the outstanding options and other on-market friendly holders, would be close to 20%.

I think with a bit of push and shove by many parties, Hauyou will convert their options. A given for me, given that the Manono Lithium Project will hold in time ~50% of the World’s hard rock lithium resources, I hope so anyway as I keep bottom feeding on the 3c options… Bye …

………………………………………………………………………………………………….……
Sometimes the questions are complicated and the answers are simple.
~ Dr Seuss