Ann: Project Investment, Financing and Offtake MoU, page-9

"The MoU follows an approach from Jinhui and subsequent commercial and technical meetings between Tritonand Jinhui management. Triton and Jinhui will now commence technical, legal and commercial due diligenceand continue negotiations with a view to executing a binding agreement within six months"

I read it as, that our existing finance is still as per waiting for signature to execute, but then this. Jinhui approached us for project level equity.

"As envisaged in the MoU, the binding agreement would include:
• A direct project level investment of up to 10% in the Ancuabe Graphite Project
• Financing support through concessional debt and/or equipment financing facilities
• Offtake of up to 15,000 tonnes per annum of graphite concentrate
• Technical collaboration for value-added processing for supply of Ancuabe graphite into the Chinese flameretardant, refractories and battery markets "

This is screaming, that they want to secure supply outside of china. Project level ownership.

WHy not just take us over ?