Didn`t listen to discussion26 Jul 2018 17:09
as i don`t know how.The positive i read from the posts is a Jorc, long promised is now seemingly a certainty.
Development and Processing plant is believed to be dependent on the Chinese.Some feel the processing set up and production costs will be borne solely by them with them getting a discount on the Lithium provided by Kodal.I hope so but why should they? The Jorc will i truly believe show we have over 450 SQ Kilometres of very high grade Lithium.
That being the case why would the Chinese not take a Debenture over our Company`s assets or want at least a rejig of the share allocation as security for their input?Which would be double figure millions.
Anything less would be the strangest deal I have ever come across and would be failing to protect their shareholders.Obviously either option would reduce our shareholdings value.
However, for now I will gratefully take the JORC.GLA.