AVB 0.00% 16.5¢ avanco resources limited

Well copper prices have fallen and now seem to have bottomed...

  1. 833 Posts.
    Well copper prices have fallen and now seem to have bottomed out.
    If you were going to sign an offtake deal in Glencore's shoes, you would ideally delay and wait for a bottom to form in copper prices before committing.

    For all we know, the BV deal will still go ahead but it may be conditional on AVB securing an offtake deal. Offtake deals take many forms. Some come with upfront payments, others are more to secure a market for our product of which a base price is formed. Who knows which one it will be. Our concentrates should fetch a good price though.


    Whatever it is, there seems to be some kind of a deal being made and we will find out soon.

    If it is an offtake deal it may look something like this
    http://www.cockatoocoal.com.au/inde...ncements/notice-of-general-meetingproxy-form/

    Which is a detailed offtake deal and independent expert opinion. (notice how it requires shareholder approval 10.1 because Noble group is a 10%+ shareholder)

    And yes... offtake is an asset. Dumbfounded as to why some will say it is not.
    Last edited by Kinzu: 17/04/15
 
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