RE:RE:Erin, the Li price is irrelevant to this company, all they If you re-read the news release you'll see it doesn't appear that Glencore has invested a single dollar in TTX. Here is a direct cut n paste ... given what we know about TTX, what do you figure the chances are they will meet any of these conditions?
"
subject to: -
Glencore’s satisfactory review of the feasibility study in respect of the Manono Lithium Tailings Project to be completed within 60 days of receipt of final version of the Feasibility Study;
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the Capex being fully funded by one or more financial institutions or equity raised by Tantalex; and
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the drawdown schedule being discussed and mutually agreed by both Parties and the other lenders;
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other customary conditions precedent.
...
Under the Convertible Facilities Agreement Glencore has agreed to make available to the Company (a) a convertible term loan facility in an amount up to US $2,000,000 (“Facility A”) and (b) a convertible term loan facility in an amount up to US $3,000,000 (“Facility B”) (Facility A and Facility B together being the “Facilities”).
Facility A is made available at the Closing Date. Facility B is made available subject to the satisfaction of certain conditions precedent. The Company has indicated to Glencore that the Company intends to satisfy such conditions precedent promptly. The Facilities shall terminate on December 1st, 2025 (the “Termination Date”)."
oh, and this part LOL ...
"Each loan bears interest at rate equal to 3 month CME Term SOFR plus a margin."