Another thought on the Covertible Notes:

The existing Credit Facility is secured over all of LAC's assets, except C-O. Having that security in place would have made it virtually impossible for LAC to partner or finance TP.  In other words, who would provide capital/debt for TP if those assets were already pledged to Ganfeng/Bangchak? Even securing a plain vanilla offtake deal would have been difficult. Removing the security was a necessary first step in the partnering/financing process.

The girls and boys at Greenhill have been busy since they were appointed in early October.

1 Nov - Millennial offer

25 Nov - Increased interest in Arena

1 Dec - Convertible Note offer

Whats next?