CATL makes its entry via Lithium Plus Pty Ltd?, page-11

as previously posted......

27-01-2019
If i am understanding this correctly it looks like Tantalex walked away from a deal with CATL. Not sure why. And does it put more pressure on CATL (aka Huayou) to secure a deal with AVZ? Tantalex is now in the process of merging with a Canadian Cobalt exploration company to help finance the continuing operations of the Manono project.  Butfirst Tantalex must validate the tailings (aka deliver a mineral resource of a minimum of 15 million tons at 0.65% lithium oxide (Li2O),) before the merge goes through.
Is this Tantalex's way of pushing out Huayou from it's operations?

"Among the above companies, Zeng Yiqun’s Societe de Mines d'Or Resources controlled by Ruiyou Investment SARLU has exploration rights for lithium mines and Tantales Resources, which Zeng Yiqun has invested through Ruihua Investment Corporation has exploration rights for lithium, cobalt and antimony ore. Although the issuer's NAL main business is lithium mining and has lithium mining rights, the two companies listed by Ruiyou Investment and Ruihua Investment are in the early exploration stage, and exploration and mining are at different stages of mining. The prospecting business is an early venture capital investment in related mineral resources. As of the signing date of this prospectus, Societe de Mines d'OrResources SARLU and Tantalex Resources Corporation did not engage in a letter of intent with the issuer and its controlling subsidiary Ningde Times New Energy Technology Co., Ltd. 1-1-215
The company constitutes a competitive business. In addition, there is no similar or similar business between other companies and companies, so there is no horizontal competition between the company and the controlling shareholder, the actual controller and other companies controlled by it."

LOI Definition: A Letter of Intent is not binding on either party and is only an expression of an intent to continue negotiations in good faith.

It seems "good faith" wasn't in the cards.

http://money.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?stockid=300750&id=4464965