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Great article, although I would dispute the virtually guaranteed assumption. The required off-take from SYA commences in 2023 and it appears unlikely any Hydroxide plant will need this production until 2025 at the very earliest. PLL is therefore likely to be selling 113,000t of Spod on the spot market over 2023 and 2024. If current spot prices remain where they already are (circa US$5,000), PLL will have a $4,100/t of annual EBIT on these sales (US$463m/yr). This would provide a profitability based source of equity that substitutes for an assumed issue of shares. US government funding could provide a large source of debt funding. While I agree further equity raises are likely, potential capital from spot spod sales reduces this from “virtually guaranteed”.How does Blue Prism compare with UI Path and the other private companies? What are its revenues now and its growth rate. I understand that UI Path is up to $400 million in sales by July-up from $155 million in 2018 and $300 million last year. Can you send me the word doc or PDF of the article above. For some reason , I could not print it. Thank you. Best, MichaelNice article and I really appreciate your hard work.Best regards,Abildgaard HessellundGood article indeed.And announcement is too late indeed.The fact they have starting right (not obligation) is obviously a plus for Israel. Also the increased points are obviously an advantage I think. They have more GC guys than Total and Lotto. Lotto also only has 26 riders under contract. Short term only those two teams and Uno-X matter. If they do a lot more races than some of the WorlTour teams, they will promote again. But being in the top 2 of the ProTour teams is crucial for that promotion.Lotto should now hire extra racers and also fully use the advantages of its development team (Total does not have a development team).This is an extremely smartly written article. I will make sure to bookmark it and return to read more of your helpful information. Thanks for the post. I’ll definitely return.