Awaiting News - New Li Off-take Partner? / Exploration Regime, page-10

They are looking for a fairly experienced engineer and the Burwill situation would have been quite obvious to MC for some time now...negotiations with new offtake partners would have started some time ago and after this weeks announcement they would be now in a position to finalize a deal.

It is not too fr fetched to expect the new offtaker to be a fairly large player in the sector and considering there is not much unsecured concentrate production left out there and we know that large Co's like need to forward plan their operations...ensuring they have enough Li concentrate for say 3-4 years from now is definitely on their meeting agendas.

So an offtake for balance of Stage 2 is almost a given...but it should not come as a big surprise if Stage 3 offtake comes at the same time or shortly thereafter...the battery factories are being built...more and more car manufacturers are commiting very large $sums towards EV's...the raw materials have to come from somewhere...it becomes glaringly obvious that supply of suitably quality Li will not be in unlimited supply, especially while Li pricing has retreated significantly = this will have direct effect on new miners trying to secure finance for new supply = Demand will increase substentially, while new supply will take it's time while Li prces stays at current level...what will that do the the supply/ demand metrics in say 1-2 years time? ...A40 is in a very good position...I am amazed with the shortsightedness of investors and that so many ppl can't see the manipulation...Some lucky punters getting A40 at under 0.20c

The selling of the ineligible shares and the way it has been handled is unfortunate, but I don't think A40 is to be blamed directly as I believe the Board is a bit to smart for that, but I believe there must be strict guidelines set by the ASX on how the process needs to be handled, however, I could be completely wrong.

All IMO