Ann: Restructure of Lithium Offtake Agreements, page-204

What a BS with this bail out !!!
Too much bail out one day , not enough money the next
To much water one week and not enough water next.

Your comments are an example of" a blind following blind"

A40 have around 11 m to pay off but not until after 2021 , and......... INTEREST FREE!!!!!!!

Out of latest 20 M overdraw facility, Mark is planning to payoff 5 M in February (previous loan) and use 15 M for fines.

So with 20 M A40 will wipe off small loan and develop fines.
Where will AJM $20M profit goes to ????? Interest only payment in first year.

Perhaps Mark's experience told him that Li prices are facing decline and he made 2 great decisions:

1. Get income producing mine ASAP
2. Stay away from over $100 M high interest loans.

I've seen more companies going broke due to high borrowings than operational small problems.