The 3 things that PSC directors had to consider in granting the extension to 31 March:
1) the directors considered Sinomine's ambition to become a leading battery minerals company,
2) the central role that Prospect's Arcadia lithium project might play in their strategy and,
3) the benefits to Prospect's shareholders of being engaged with a significant participant in a key market for its lithium products.
Sinomine is moving very quickly and acquired TGS's cobalt project and all of Dongpeng. Why would it want PSC management as a partner especially down in the supply end of its future vertically integrated battery business?
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